Results 1 to 4 of 4
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01-16-2020, 03:48 PM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
Tire Shop looking for $60k
I have a merchant doing $50-60k a month in gross. Banks are awful with tons of NSF and overdrafts.
CC sales are around $25k. Guy is looking for 60k based on his cc sales.
What is the largest amount someone will fund in terms of % of cc sales? As in is there anyone out there doing 2x cc sales?
I am assuming no especially with the bank statements.I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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01-16-2020, 04:03 PM #2
- Join Date
- Feb 2017
- Posts
- 3,355
Amex
I know a broker who can submit these, I'm happy to pass along the contact info. Make a fee agreement first with the client, then send over an app, and Amex takes care of the rest.
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01-16-2020, 06:19 PM #3
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
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01-16-2020, 07:30 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,887
I will never say "never" in this business, but NO - & Amex won't touch the file, plus roughly 3X monthly credit card sales?
You may start them with a smaller cc split / lockbox and every few months as their business volume increases,
provide additional funding.
2nd Option:
Do they own the property? FICO? TIB?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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