Export Company does $9MM/yr. Looking for Max Funds.
I'm facing one of those situations where the merchant won't expose all the bank statements for privacy reasons, but shows $9MM average on tax returns.
P&L's and balance sheet are consistent with gross income on the tax returns.
Bank statements show average of $145K deposited each month.
Beginning and ending balances stay around $600K each month.
Average daily balance stays around $600K.
FICO in the 600s.
Looking for $1MM for operations, preferably term loan. It's not a typical cash advance deal because the interest rate doesn't appeal to him, nor does the terms. However, if it is possible to get him somewhere around $200K now, with 145K showing on the bank statements, he'll most likely do it. That will get him started.
Any direct in-house lenders able to get this done or feel they can get it done with extra documentation, PM me or email: solidmerchantsolutions@yahoo.com