Hey Micah. I am not familiar with Scott. What I will say is that banks change revolvers to P/I based on Financials and/or their Portfolio concentration with a vertical. Either way- if the bank owns the asset(s) parsing out the AR in Construction- as you mentioned yesterday- will likely not be something they will be comfortable with unless factor subordinates to them with an inter-creditor to stand second in line in the event of a default.

Not sure where the client will get 4% money if he refi's the SBA- unless it's on Real Estate- given that Prime is above that..