Results 1 to 5 of 5
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07-29-2020, 06:24 PM #1
- Join Date
- Jul 2020
- Posts
- 4
300k needed
I have a client with 1.5+m in 90 day aged A/R
Did about 7m in 2020
Between 1.5m-10m each in the last 5 yrs.
4 positions, 750k
Services sector - Niche Market Consulting
Got 800k in PPP
No real collateral to speak of.
Looking for 300k
Anyone into this?Last edited by CBSG; 07-30-2020 at 12:08 AM.
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07-29-2020, 06:36 PM #2
- Join Date
- Aug 2014
- Posts
- 620
700k 5th position no chance, I can probably swing 200k here give or take. Feel free to reach out if I can be of any help.
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07-29-2020, 06:56 PM #3
Approx $830K a month in deposits, 750K in balances, and wants ANOTHER $700K? Consulting?
C'mon man....
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07-29-2020, 07:23 PM #4
- Join Date
- Jul 2020
- Posts
- 4
0 neg days over 1m p/m . Only one month lower than the number you mentioned,
Client net 300k p/m in jul with all pos
Environmental health consulting Cash for acquisition
Can use between 300-700k dep of termsLast edited by CBSG; 07-30-2020 at 12:10 AM.
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07-30-2020, 05:35 AM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
What are the terms with customers. Are terms N90 which explains the >90 with AR? I am working to close a deal now where the client has N90 and N120 terms with some customers. If there terms are N30 or N60 and they have that much over 90 there is not much chance of getting anything done with the AR.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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