Quote Originally Posted by evgfunding View Post
Some good information was already provided on this thread. As an alternative to a term loan, if your client has good receivables then they may be better off looking into a factoring deal. Their real estate value, equity, and personal credit won't come into play nearly as much and they won't have to worry about frequency of payments. Depending how clean their A/R is and what their payment terms are, I would estimate that they could have a couple hundred thousand outstanding based on their annual revenue which could get them by with their initial funding, and then ongoing of course.

Feel free to reach out if your client wants to look into this, we would love to be able to see if we can fund this one for you.
Great insight, except this guy doesn't really deal w/ receivables. He gets paid ACH on transactions; doesn't leave receivables out. I asked him already. I wouldn't even need help on this file!