Construction Contractor looking for a payoff and net $100k or a 2nd position.


Main issue is April bank statements- merchant made 0 deposits due to a screw up with a builder he was working with. During April he he renegotiated his mca into a weekly (he renegotiated before it defaulted) Details below:


Current MCA- $43k balance, paying $308 daily.

Last 11 months

July 2016 184k
Aug 2016 $130k
Sept 2016 $120k
Oct 2016 $109k
Nov 2016 $141k
Dec 2016 $88k
Jan 2017 $93k
Feb 2017 $202k
March 2017 $350k
April 2017 $0
May 2017 $38k

Has $907k in open receivables for jobs that should be completed within the next 60 days.

Tax returns for 2016 show $1.2 mil
Credit is high 600s.

I don't have a P & L or balance sheet.

Thanks