[Supremefunding]

Monthly Rev: 3.45mm a month
100k plus ending balances
CR: 620
Years in Buss: 11
Industry: Whole sale food
one owner

10 advances adding up to close to 950,000 all short short term

[JohnT.]

$1mm in balances on just MCA, no assets for collateral with 10 advances? To say thats gonna be tough would be an understatement.....

[RichardGerard]

Certainly may not be impossible though- depends on all the other debt on the balance sheet.

While Cash flow appears decent refinancing 10 advances with another advance is like putting lighter fluid on a fire- and inviting the client to start the stacking process again.

Would need to see last Corporate and Personal return
Debt Schedule
Banks
Application
YTD Interim Financials

to see if there is a real path to making it happen..

Touch base if you wish to: rg@businesscapitalconsultants.com

[Sachip24]

if they are wholesaler, they should have decent AR given their amount of monthly deposits. That would be way better way to go to wipe out all those advances in one shot instead of digging them deeper hole to get out of.

[ryan $]

There is one Broker reading this licking his chops....

Yesssssssss..... buy meeee outtttt..... mwahahahahahahahaha

950k on 9 Advances and a Reverse? When he is doing 3.45mill

Credit cant be that solid.

[BillionzandBillionz]

There is one Broker reading this licking his chops....

Yesssssssss..... buy meeee outtttt..... mwahahahahahahahaha

950k on 9 Advances and a Reverse? When he is doing 3.45mill

Credit cant be that solid.

you should be a detective