Janitorial First position (w Neg days)
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  1. #1

    Janitorial First position (w Neg days)

    Hello,
    Looking for a lender that would look at a janitorial file. Rev above 50k last 3 months but in Dec. Had some unpaid invoices had 7 negative days.
    Would anyone touch this?

  2. #2
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    Quote Originally Posted by GetCapitalNow View Post
    Hello,
    Looking for a lender that would look at a janitorial file. Rev above 50k last 3 months but in Dec. Had some unpaid invoices had 7 negative days.
    Would anyone touch this?
    Does he get paid through credit cards at all? Did you get the mtd to see if the revenue went back up and has strong daily balances?

  3. #3
    No CC. I have some of there invoices and I do have there MTD. There MTD Revenue is pretty similar to previous months. The Neg days is due to them not getting paid on time

  4. #4
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    Quote Originally Posted by GetCapitalNow View Post
    No CC. I have some of there invoices and I do have there MTD. There MTD Revenue is pretty similar to previous months. The Neg days is due to them not getting paid on time
    So if his invoices were delayed and he was paid this month then the revenue should be higher this month an daily blances should be strong.

  5. #5
    It was partially paid this month. not in Full. their balances have been positive since then

  6. #6
    This is in our wheel house. Send it over bg@fundprollc.com

  7. #7
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    Quote Originally Posted by GetCapitalNow View Post
    Hello,
    Looking for a lender that would look at a janitorial file. Rev above 50k last 3 months but in Dec. Had some unpaid invoices had 7 negative days.
    Would anyone touch this?
    Suggest to the business owner they add credit cards as a payment option and e-checks - Even if they accepted partial payments,
    it would help cash flow and possible avoid negative days.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  8. #8
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    [QUOTE=GetCapitalNow;175171]Hello,
    Looking for a lender that would look at a janitorial file. Rev above 50k last 3 months but in Dec. Had some unpaid invoices had 7 negative days.
    Would anyone touch this?[/QUOTE

    Factor that!
    Hedley Lamarr......That's Hedley

  9. #9
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    Capitalize would be able to work with this type of situation. We would need to see said invoices and if everything checks out we'll give a strong offer.

    Please submit the deal to subs@capitalizegroup.com and mention this thread for expedited processing.

  10. #10
    Feel free to reach out.
    Direct Funder | FirstLine Advance | New York, NY.

    firstlineadvance.com
    Call us: 929-592-3073
    Email us: subs@firstlineadvance.com

    1st position and up | Snap Funding within 2 hours | No credit checks

    Currently accepting new ISO's!

  11. #11
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    Quote Originally Posted by GetCapitalNow View Post
    It was partially paid this month. not in Full. their balances have been positive since then
    No promises but i will take a look at it. I need September through January statement or mtd if the statement is not out yet.

    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872

  12. #12
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    feel free to reach out
    david@ajequity.com
    9177632069

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