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.