[Cambridge]

A franchised tutoring service. Very well structured company, 16 years in business and annually profitable. Company is doing around 350k a year, again profitable every year.

Merchant BK in 2011 and discharged in late 2012 - Current credit is around 660 - No property/collateral

The merchant currently has a weekly payment loan of $500 a week, owing around $50,000.

The merchant is requesting that I attempt to find a loan amount of around $60,000 and a term of around 3 years. The reason is he would like to see his monthly payment lowered. There's not a need for additional cash, it's basically a consolidation effort.

I have told him that this is a robbing Peter to pay Paul situation, but he insists that I attempt to find something for him. I figured I'd hop on and find out if there's anyone interested in working this deal out.


Thanks.