Results 1 to 9 of 9
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10-31-2017, 04:43 PM #1
Sole Prop DENTAL OFFICE 55k monthly
Sole Prop Dental Office
15 years operation
AVerage bank deposits last 3 months 55k
Ending B: 9k
Average Ledger 7k
Average credit 640
Existing CAN advance $10k balance
Looking for 75k? at 12 months 1st position
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10-31-2017, 08:22 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
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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11-01-2017, 01:44 PM #3
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11-01-2017, 03:10 PM #4
- Join Date
- Mar 2016
- Posts
- 186
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11-02-2017, 04:19 AM #5
- Join Date
- May 2017
- Posts
- 9
I think I have a solution please feel free to contact me or provide me with your contact info.
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11-02-2017, 08:07 AM #6
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Is the client a sole prop or single member LLC? Same tax form used.. Important.. Can't fathom why a dentist would potentially want to expose personal assets from law suit by being a sole prop.
This is likely not an MCA Play so we will need to understand NOI (net operating income). Practices like this have a very HIGH gross profit margin- so longer term notes for higher amounts are easier to arrange than MCA's.
The reasons why the credit is low (for traditional finance 640 is not good at all), and the balance sheet will be keys to assisting.
Feel free to reach out for a real solution..
RG
rg@businesscapitalconsultants.comLast edited by RichardGerard; 11-02-2017 at 09:16 AM. Reason: wrong phraseology
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11-02-2017, 08:33 AM #7
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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11-02-2017, 04:47 PM #8
thanks for the responses. The dentist is an idiot and refuses to release any information besides the bank statements but we still got him a 75k offer for 15 months.
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11-02-2017, 05:19 PM #9
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
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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