Cash Advance Under $2500.00

EJO · #1 (**permalink**) 04-16-2008, 03:16 PM

I found a great company that specializes in approving all of your declined under $2500.00 deals. Let me know if you want their name!

raycashadvance · #2 (**permalink**) 07-23-2008, 01:48 PM

send info. to raysixstar@yahoo.com
Thanks EJO

samthemoneyman · #3 (**permalink**) 07-23-2008, 02:28 PM

How many deals like this can you generate a month?

LauraFranklin · #4 (**permalink**) 08-08-2008, 05:14 PM

Who did you find?

GRP Funding · #5 (**permalink**) 08-25-2008, 03:30 PM

I'd be interested in seeing the default ratio on deals of this size. I guess I don't understand how $2,500 or less is going to help a business grow.

nwarshaw · #6 (**permalink**) 08-25-2008, 04:08 PM

Would love info on this as well, I have about 5,000 merchants I could send his way that we already sunk the COA, then we can watch it for 5-7 months and see how they do

ISEllCASH · #7 (**permalink**) 08-26-2008, 06:08 PM

I would like to know the name of the company. Honestly if people are really looking at numbers the main funding companies will fund a restaurant in a declining market when studies show the first market to drop is dining. A merchant that is that is averaging let's say 3500 a month but grossing 12.000 and only been processing for let's say 6 month is a growing business$ 2500 could be advertising money any way which could lead that company to have an increase of business. This solution to funding was created for small businesses and not too good credit merchants. Now that these so called main funding companies have decent portfolio's they want to increase their restrictions instead of really looking at a business’s background to see if they could borrow $3000 and pay it back in 6 months. I rather take that risk than your $40,000 restaurant that looked good on paper then split on you or turned you off. It would take about 12 of those so called risky $3000 advances to default in that 6 month 1.35 program to make up for your one. $40.000 advance that would pay back 52.000 in a 1.35. When twelve $3,000 advances with a 1.45 would pay back $52,200. It would be the underwriters to make sure that they look at 12 good low volume deals. My default rate on low average deals is 4 out of 20. And they might of gotten $4000 and paid back half of the amount. It should be worth the time to good look at the deal I thought we were helping merchants just not getting good commissions. I never was a mortgage broker perhaps that's why.