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  1. #1
    Veteran Reputation points: 135672 Chambo's Avatar
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    Sep 2012
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    Quote Originally Posted by RichSales View Post
    I am new to the Merchant Cash Advance industry. I noticed an opportunity to help small to mid-sized businesses within my local community to provide Merchant Cash Advance services to various small businesses, including $.99 stores, furniture outlets, manufacturing companies within the industrial park area in my neighborhood. What is the best way to let these companies know that I can help them with any upcoming projects or expansion plans that they may have???
    Welcome to our world.

    A couple of pointers....that "Industrial Park" might be a little difficult to get funded. Sounds like an UW quagmire. The .99 store could work, as long as they deposit all their money. If they are "hiding cash", that willhurt them for any financing application. Furniture is a difficult industry to fund. They have a bad history of defaults in our biz and many funds will auto decline.

  2. #2
    Member Reputation points: 10
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    Dec 2012
    Location
    Brooklyn, NY
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    6

    Quote Originally Posted by Chambo View Post
    Welcome to our world.

    A couple of pointers....that "Industrial Park" might be a little difficult to get funded. Sounds like an UW quagmire. The .99 store could work, as long as they deposit all their money. If they are "hiding cash", that willhurt them for any financing application. Furniture is a difficult industry to fund. They have a bad history of defaults in our biz and many funds will auto decline.
    Thanks for that information Veteran,....I will be careful as I approach those businesses.



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