If a business has a deposit of $40,000.00 a month for the last 6 months is there any loan program out there that can get them 200k in funding. This is a restaurant with 6 months of lease remaining fico score is 700.
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Best we can do is $120,000 assuming they can pledge some type of real estate as collateral (residential, commercial, land). If you think they can swing it definitely get in touch; 201-210-8552 or paul@oracleloans.com.Last edited by pmoney; 02-27-2016, 01:48 PM.Paul Marzolla
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Hi,
A few months ago, I started my restaurant business by getting a loan from the Merchant Cash Advance. I received a $25000 cash and over time I'll pay $30,000.
For more help go through the following link
https://merchcash.com/what-is-a-merchant-cash-advance
Thanks!!
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Originally posted by vinny78 View PostIf a business has a deposit of $40,000.00 a month for the last 6 months is there any loan program out there that can get them 200k in funding. This is a restaurant with 6 months of lease remaining fico score is 700.
40-60% of monthly gross deposits
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Originally posted by elisagrace View PostHi,
A few months ago, I started my restaurant business by getting a loan from the Merchant Cash Advance. I received a $25000 cash and over time I'll pay $30,000.
For more help go through the following link
https://merchcash.com/what-is-a-merchant-cash-advance
Thanks!!
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Originally posted by Triton Financing View PostOnly thing about MFS is yes they might get an approval for $80k but it will be split up into increments of 8 deposits. i.e. $10k deposits every 6 weeks.
In reality, they are getting $10,000 1.42 deals, added on after 45 days
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