Restoration Company
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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Aug 2015
    Location
    CALIFORNIA
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    942

    Restoration Company

    Average Dep 18 monthly at 57,000
    9 months in business
    700 FICO
    No other advances just a Celtic Bank SBA LOAN
    Problem is Around 6 NSFs / Negative Days every month for past 4 months

    Any direct funders take this?
    Last edited by brokerCompany; 07-07-2017 at 01:01 PM.

  2. #2
    Senior Member Reputation points: 5777
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    Factoring if they are billing insurance or other commercial customers. We can come behind the SBA

  3. #3
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Aug 2015
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    CALIFORNIA
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    Quote Originally Posted by TedFundy View Post
    Factoring if they are billing insurance or other commercial customers. We can come behind the SBA
    You are going to factor insurance receivables from residential claims?

  4. #4
    Senior Member Reputation points: 12878
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    Jan 2016
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    How much do they want? I can do a lot of different things with good credit.

  5. #5
    Senior Member Reputation points: 84403
    Join Date
    Mar 2014
    Location
    Florida
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    Quote Originally Posted by brokerCompany View Post
    Average Dep 18 monthly at 57,000
    9 months in business
    700 FICO
    No other advances just a Celtic Bank SBA LOAN
    Problem is Around 6 NSFs / Negative Days every month for past 4 months

    Any direct funders take this?
    Consider a Credit Card split with lock box?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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