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  • Smaller Deal - having trouble getting approval..

    I've gotten a couple declines but really want to assist this client if possible. Let me know if any one of you want to take a stab at it and we can talk about options to potentially work together! Thanks - Ryan

    Years In Business: 8
    Credit Score: 600
    *Monthly Revenue: $4000-9000 The business is somewhat seasonal because it's a tutoring business so picks up based on school schedules. However, revenue is stable within the ranges provided.
    Monthly Deposits: 15-18
    *Bank Balance: Dips to $50 on a few occasions..
    Average Days NSF: 3
    Customers pay via Credit Card - Avg $5,000 monthly processing
    Seeking $8,000 - $12,000 revenue based/loan/MCA all OK

    The asterisks above are the problems I'm encountering / reasons for decline.
    RYAN RIDGWAY Managing Partner, Strategic Capital
    Office: 800.440.6448 | Direct: 816.298.0966 | Fax: 816.298.0857
    10551 Barkley St. Suite 403 Overland Park, KS 66212
    rridgway@capitalwithstrategy.com | www.capitalwithstrategy.com
    sigpic

  • #2
    I may be able to help you Ryan. Shoot me an email and we'll connect...

    Best Regards,

    Arty Bujan
    Cardinal Equity, LLC
    Managing Member
    30 Wall Street 8Th FL
    New York, NY 10005
    Phone: 212-804-5757
    Email: abujan@cardeqgroup.com
    Web: www.cardeqgroup.com


    Originally posted by SCP View Post
    I've gotten a couple declines but really want to assist this client if possible. Let me know if any one of you want to take a stab at it and we can talk about options to potentially work together! Thanks - Ryan

    Years In Business: 8
    Credit Score: 600
    *Monthly Revenue: $4000-9000 The business is somewhat seasonal because it's a tutoring business so picks up based on school schedules. However, revenue is stable within the ranges provided.
    Monthly Deposits: 15-18
    *Bank Balance: Dips to $50 on a few occasions..
    Average Days NSF: 3
    Customers pay via Credit Card - Avg $5,000 monthly processing
    Seeking $8,000 - $12,000 revenue based/loan/MCA all OK

    The asterisks above are the problems I'm encountering / reasons for decline.

    Comment


    • #3
      Smaller Deal - having trouble getting approval..

      Yellowstone can take a look

      800-955-2411

      Comment


      • #4
        Isaac, thanks for your reply, got a decline from you guys (and most others) but thanks for checking it out! You guys are a valued partner, looking forward to doing business in the future
        RYAN RIDGWAY Managing Partner, Strategic Capital
        Office: 800.440.6448 | Direct: 816.298.0966 | Fax: 816.298.0857
        10551 Barkley St. Suite 403 Overland Park, KS 66212
        rridgway@capitalwithstrategy.com | www.capitalwithstrategy.com
        sigpic

        Comment


        • #5
          Hey Arty, client is holding off for now until he has a couple more consistent months. Thanks for reaching out!
          RYAN RIDGWAY Managing Partner, Strategic Capital
          Office: 800.440.6448 | Direct: 816.298.0966 | Fax: 816.298.0857
          10551 Barkley St. Suite 403 Overland Park, KS 66212
          rridgway@capitalwithstrategy.com | www.capitalwithstrategy.com
          sigpic

          Comment


          • #6
            Cresthill Capital has an entire department ONLY focused on files under 25K ( Funds merchants as low as 2K)
            * NO COJ's!!
            * Fewest stips in MCA!!
            * Offers in 3 HOURS!
            * Funds ASAP when contracts back-in!

            DOUBLE DIGIT COMMISSIONS!!!

            Sign up today!!
            bizdev@cresthillcapital.com
            Marcus Clapman | Business Development | Cresthill Capital (Mantis)
            (High Commissions Payout Group)
            覧覧覧覧覧覧覧覧覧覧覧覧覧
            Tel: 917-521-6528 | Fax: 212.671.1473
            Email: bizdev@cresthillcapital.com
            http://www.cresthillcapital.com

            Comment


            • #7
              Definitely check out Cresthill on this. They have done some tough deals for me. Also, if they don't work out, try David Singer at ACE.

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