Medical Clinic $600K in revenue
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  1. #1

    Medical Clinic $600K in revenue

    The biz is a Medical clinic around for a decade.

    12 months of bank statements between TWO biz bank accounts shows:

    Avg. Monthly Deposit Volume: $65,000
    Avg. MonthlyNumber of Deposits: 13

    *CAVEAT: for some months,ONE biz bank account will show 0 deposits...but NEVER 0 deposits between BOTH accounts*

    2013 tax returns report $600,000 as annual revenue, client is looking for around $100,000.

    any lenders that can offer 10-12 month terms for $100,000?? credit 580s

  2. #2
    We should be able to get this funded. Send me the details and we'll get it going. bryan.doom@lendio.com

  3. #3
    Quote Originally Posted by mca123 View Post
    The biz is a Medical clinic around for a decade.

    12 months of bank statements between TWO biz bank accounts shows:

    Avg. Monthly Deposit Volume: $65,000
    Avg. MonthlyNumber of Deposits: 13

    *CAVEAT: for some months,ONE biz bank account will show 0 deposits...but NEVER 0 deposits between BOTH accounts*

    2013 tax returns report $600,000 as annual revenue, client is looking for around $100,000.

    any lenders that can offer 10-12 month terms for $100,000?? credit 580s
    Does the merchant have any collateral?

  4. #4
    If the client is interested in a factoring facility, let me know. We can advance about 80% of the value of the AR on an ongoing basis. Payback will not come from daily ACH payments, but will be taken from the claim payments by the insurance carrier.
    Ben Rutkevitz
    Alleon Healthcare Capital
    benr@alleoncapital.com
    (201) 340-6346
    http://www.alleonhealthcare.com/

  5. #5
    Senior Member Reputation points: 3824
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    Medical Clinic $600K in revenue

    I can fund this deal at a low rate. Please call me at 774-208-8118

  6. #6
    Senior Member Reputation points: 50583
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    Read my PM- Best deal that you can get...

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