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12-22-2014, 07:04 PM #1
Reputation points: 39760
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
$150,000 needed for specialized equipment
Hello DF Members! I have a merchant who needs $150k to purchase specialized machinery for their pharmaceutical company.
Last 6 months look like this:
- June 2014 $93k in deposits, no nsfs, avg daily balances of about $15-20k
- July 2014 $109k in deposits, no nsfs, avg daily balances of about $17-$25k
- August 2014 $108k in deposits, no nsfs, avg daily balances of about $30-$35k
- Sept 2014 $46k in deposits, 1 nsf, avg daily balance of about $5-7k
- Oct 2014 18k in deposits, no nsfs, avg daily balance of about $5k
- Nov 2014 $20k in deposits, no nsgs, avg daily balance of about $4-6k
The merchant deals a lot in cash business. Most deposits are large cash counter credits. He has had steady banking for 2 years, and in business for 4 years.
Lots of regulation changing in his industry might make him high risk.
Can I get some advice on this file? Advice from: Broker, Lenders and Counselors welcomed.
Thank You!
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