Results 1 to 8 of 8
Threaded View
-
11-27-2020, 08:19 AM #1
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 260
Easy lockbox spit deal, if you don't mind a lot of negative days
This merchant has a $30k balance with Quikstone. Lockbox split at 14%. This has been renewed 5 times (technically, QS only does add-on's, no double factoring). He is about 30 days from being eligible for add on capital.
11 yr old restaurant in GA.
$80k/mo cc volume (annual average)
(Heading into slower volume time, avg is $55k for D,J,F)
Credit is 580
12 - 16 negative days every month. (Shouldn't matter since funder receives cc funds before the merchant does via lockbox). QS understands this well.
Needs $30k for some kitchen equipment and funds to maximize seating due to Covid.
All direct lenders, please reach out if you want this deal. He can't switch processing due to POS.Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
Similar Threads
-
4K minimum in deposits 6 or less negative days in most recent 30 days
By showtime73 in forum Deal BinReplies: 1Last Post: 05-04-2020, 12:54 PM -
split deal with 10 negative days and 2 positions open
By viper066 in forum Deal BinReplies: 16Last Post: 05-07-2019, 02:19 PM -
100k deal for HVAC, with Consolidation, good credit score but negative days
By premierecapitalfunding in forum Deal BinReplies: 5Last Post: 05-28-2017, 01:41 AM -
Who will do MCA via split or lockbox for merchants with excessive negative bal days
By upperlinecap in forum Deal BinReplies: 6Last Post: 01-23-2017, 11:34 AM -
ACH deal with negative days but no bounced items
By Andy in forum Deal BinReplies: 5Last Post: 07-30-2014, 11:00 AM