[mistamca]

I have a client that owns and operates 4 diagnostic imaging centers in New York.

Client is seeking a business loan for growth and expansion.

The Total funding request is 4 million usd. ( 2.5 million refi and another 1.5 million for expansion and growth)

Company been in business since 2004

The company services include:
 Open High Filed MRI
 Breast MRI
 CT Scan
 Bone Densitometry
Digital Mammography
 Ultrasound
 Digital X-Ray
Here is what the client has:

A/R totaled about 3 million
50yr ground lease on an 8000 square ft building (which client can take up to 2.5 million against)
New York State Article 28
Equipment valued maybe 1-2 million.

PLEASE NOTE: CLIENT IS LOOKING FOR SOMETHING CONVENTIONAL, HE IS NOT LOOKING FOR ANY ACCOUNT RECEIVABLE FUNDING or Any SBA Loan
Pm me Please!

The real question is what is their EBITDA? Literally, the only thing that matters in the beginning. If their EBITDA is not 550k or higher, then the ask is probably too high. Don't know why it matters if it is conventional, factoring, or a sba. Term & Cash flow should be the primary focus