[Michael Slabitcher]

....additional capital before renewal/add on time and do not qualify for a buy out?

Note: I do not stack myself.

Your input is greatly appreciated,
Mike
msla*****er@sla*****er.com

[Michael Slabitcher]

Providing a non-traditional LOC (Fundbox, BlueVine...etc.) be considered stacking?

[Kevin Henry-Seacoast]

Perhaps a more flexible and larger working capital facility is needed. Look at the entire financial picture and look at other options.
If you client hears the words "no", chances are they will find what they need or want elsewhere.

[Michael Slabitcher]

Perhaps a more flexible and larger working capital facility is needed. Look at the entire financial picture and look at other options.
If you client hears the words "no", chances are they will find what they need or want elsewhere.

That is exactly what I am trying to avoid.

[Kevin Henry-Seacoast]

Providing a LOC be considered stacking?

Most financial institutions that offer traditional lines of credit or asset based lines of credit will require a lien on all or most of the assets. That being said, the advance will need to be paid off it they are truly in first position.

[Kevin Henry-Seacoast]

You must dig deeper and find the whole financial picture and sometime operational picture.

What is the current means of financing? Why is it not working?
What is the revenue trend? How is cash flow from operations? What is the trend for 13 months going forward? What are all the assets? Are they all encumbered?

All too often business owners look at tomorrow instead of next year. They chose a financing product that helps them now, but not 9 months from now and they are scrambling for financing again. Most are going to chose the path of least resistance instead of a long term plan that might be harder to close or take longer to close.

Dig deep, come up with a plan, and chose the right partner.