Results 1 to 9 of 9
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05-16-2017, 12:00 AM #1
- Join Date
- Jun 2016
- Location
- Atlanta, GA
- Posts
- 9
Does anyone fund a merchant that has multiple months with negative ending balances?
I have a merchant that does over $200,000 per month in deposits, however, they have several months that have ended with a negative balance. I thought about doing a split funding deal since approximately half of their monthly revenue comes from credit card receivables. The merchant's personal credit is in the high 5's low 6's and they have 1 position with the balance paid down under 50%. Any suggestions on how to handle this one are appreciated.
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05-16-2017, 12:33 AM #2
Most of the MCA funders wouldn't care about the negative monthly ending balances, they care more about the average ending daily balances. Depending on how many there are of those, will determine what kind of offer you can get.
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05-16-2017, 02:02 AM #3
- Join Date
- Aug 2014
- Posts
- 620
Does anyone fund a merchant that has multiple months with negative ending balances?
^ spot on
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05-16-2017, 10:08 AM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Keep us in mind!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-16-2017, 10:15 AM #5
- Join Date
- Oct 2015
- Location
- NYC
- Posts
- 119
While they may end the month negative are they bouncing payments on their current advance and if so how many?
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05-16-2017, 11:21 AM #6
- Join Date
- Jun 2016
- Location
- Atlanta, GA
- Posts
- 9
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05-16-2017, 11:32 AM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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05-16-2017, 06:37 PM #8
If there is real estate with equity in it, WBL may be able to put together an offer. Feel free to call or email me any time to review.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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05-24-2017, 10:44 AM #9Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
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