NEG BALANCES WITH OD PROTECTION - Who will fund?
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  1. #1
    Senior Member Reputation points: 81657
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    Quote Originally Posted by Seven Seas Funding View Post
    Construction.
    Merchant returning on checks ONLY. Everything else clears with OD protection. (no returns in Jan)

    Nov rev - 67k
    Dec rev - 97k
    Jan rev - 68k

    Please take a good look at the balances attached before you throw a "send in the file and we'll see if we can give an approval"

    Link to balances - https://drive.google.com/drive/folde...a_?usp=sharing
    (can't upload the pics)

    No brokers please.

    How do you expect to obtain any approval based upon that limited information?

    BTW - I'm guessing 98% of the people that read this forum are "BROKERS" -
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  2. #2
    Quote Originally Posted by Yankeeman07 View Post
    How do you expect to obtain any approval based upon that limited information?

    BTW - I'm guessing 98% of the people that read this forum are "BROKERS" -
    I don't need a final approval. I just need someone who wouldn't kill immediately based on balances and will fund if everything else checks out.
    Matt Brown
    - Office manager
    - Seven Seas Funding
    - matt@sevenseasfunding.com

  3. #3
    Senior Member Reputation points: 81657
    Join Date
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    Quote Originally Posted by Seven Seas Funding View Post
    I don't need a final approval. I just need someone who wouldn't kill immediately based on balances and will fund if everything else checks out.
    Since you are posting - how many declines have you received?

    FYI - You should know the parameters of the funders you are working with - what # of negative days would be acceptable
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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