[skideeppow]

I have a General Aviation ground services business, that is doing around $120k a month. They currently have a first with me, paying around $225 a day for 12 months. We gave them 40k.

They took $50k from loan me two weeks ago.

Looking to get them lower payments on the first and net them some cash as well.

TIB is only 3 months, but the it was a previous operator that was there for 12 years prior.

Any ideas?

[Kevin Henry-Seacoast]

Sure....get them an asset based LOC of factor the AR.

[skideeppow]

Sure....get them an asset based LOC of factor the AR.

oh and he uses Blu Vine

[Kevin Henry-Seacoast]

oh and he uses Blu Vine

So if he is using BlueVine, why is he taking advances. Is BlueVine not financing all of the AR?

[ryan $]

So if he is using BlueVine, why is he taking advances. Is BlueVine not financing all of the AR?

Most likely bluevine LOC at 20k

[Kevin Henry-Seacoast]

It would make sense to factor all eligible AR instead of select factoring or small lines/advances. It would be much more cost effective and revolving.