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  1. #1

    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.

  2. #2
    Senior Member Reputation points: 49940
    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.

  3. #3
    Veteran Reputation points: 135029 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,178

    Approx $830K a month in deposits, 750K in balances, and wants ANOTHER $700K? Consulting?

    C'mon man....

  4. #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 terms
    Last edited by CBSG; 07-30-2020 at 12:10 AM.

  5. #5
    Senior Member Reputation points: 337126
    Join Date
    Mar 2015
    Location
    Rock Ridge
    Posts
    3,459

    Quote Originally Posted by CBSG View Post
    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?
    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.
    Hedley Lamarr......That's Hedley

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