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12-05-2014, 11:15 AM #1
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- Join Date
- Nov 2014
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IT business with high avg daily balance but low number of monthly deposits
Im trying to assist an IT (Information Technology) business with a working capital loan.
Avg daily balance over the last 6 months has been consistent at approx $30,000
Borrower has one big customer that amounts to a deposit of approx $10,500 each month. Then he typically has 3 or 4 additional small deposits. So total deposits are above $10,000 per month but it's typically one big deposit of $10,000 and then 4 additional ones of around $250.
Can anyone help with this one given the low number of deposits each month
thanks
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