[TedFundy]

Been having a tough time with this one:

Feb 154k
Mar 158k (4 NSF's)
Apr 220k (6 NSF's)
May 141k (1 NSF)
June 86k (6 NSF's)
July 68k (6 NSF's)

Daily balances fluctuate pretty heavily. The weather is so hot that it is affecting their work. As it cools down, work and collections become more stable.

Anyone have any hope for this? They have real estate but not willing to pledge it. This would be a 2nd. 1st has a balance is 130k (750 per day) which funded in Sept of '16.

[TedFundy]

Also, They do 3-3.5M per year

[Yankeeman07]

Also, They do 3-3.5M per year

Your numbers are not adding up - 3-3.5 Million - would be in the range of 300K per month,
Are you completely legal - EIN, Business Banking, TIB?

Possible BLOC with pay-off 1st position.

Any credit card sales? if so, maybe a cc split, would be an option

[AdvanceFund]

Been having a tough time with this one:

Feb 154k
Mar 158k (4 NSF's)
Apr 220k (6 NSF's)
May 141k (1 NSF)
June 86k (6 NSF's)
July 68k (6 NSF's)

Daily balances fluctuate pretty heavily. The weather is so hot that it is affecting their work. As it cools down, work and collections become more stable.

Anyone have any hope for this? They have real estate but not willing to pledge it. This would be a 2nd. 1st has a balance is 130k (750 per day) which funded in Sept of '16.

I can do a very short deal.

[Daviddirectbizcapital]

I would need to run credit. But don't see why we cant't make a offer on it.

David Woods
Direct Biz Capital
O-718-819-1053
C-732-660-5449
David@directbizcapital.com

[TedFundy]

I can do a very short deal.

You already declined it.

[TedFundy]

Yes everything is completely legal, insurances up to date, etc..

As I said, summer is their slow season.

[ABL Rob]

This client might be a better fit for A/R financing if they have B2B or Govt receivables.

AmeriFactors Financial Group is a direct lender and has funded over $5BILLION since 1990.
We offer:
• NON-Recourse A/R Factoring
• PO Funding
• Asset Based Lending (ABL)
• SBA Loans

Send me a pm or give me a call or email.
We will look at construction related deals and Commercial Landscapers and give FAST decisions!
We pay brokers RECURRING MONTHLY RESIDUAL Commissions.

Rob Brownell
Amerifactors Financial Group
215 Celebration Place, Suite 340, Celebration, FL 34747
p: 772-419-8606
e: rbrownell@amerifactors.com
w: www.amerifactors.com

[mbernier]

Are you sure that they wouldn't be open to pledging their real estate short term? We are very flexible and I am sure that we can structure something that makes sense. Give me a call: 860-436-5920

Mike

[LoanMe]

LoanMe may be a good option here. We do lend in AZ and do look at average daily balances to determine if the borrower can afford our monthly payment. Our terms are 2-10 years so their minimum monthly payment is typically lower and more affordable, with no pre-payment penalties on this simple interest term loan they can control their total cost of capital based on their early repayment.

[Kevin Henry-Seacoast]

TedFundy-Landscape companies are tough to finance. Factoring is typically not a good option because most commercial landscapers pre-bill their invoices. Small community bank LOC might be a good option if their credit is OK.