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06-06-2017, 05:13 PM #1
Construction Co in NY looking for a 2nd or a payoff, recent months slow
(sorry I posted this in wrong section earlier)
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.
ThanksSean Hawley
CEO
BLF
Bright Light Freight
shawley@brightlightfreight.com.com
631-210-6327
SBA, Term Loans, LOC, MCA & Equipment Finance (Transportation & Trucking)
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