[gknapp]

• Company has a Merchant Cash Advance debt of 40K .
• They are working on settling half.
• 9-year-old business
• 30k a month in revenue
• 700K in rent over 9 years in great standing
• Paid off 300k in equipment leases.
• 600 Credit for owner

The company took out a MCA to fund a startup. It failed they have paid off two of the 3 MCA loans.
The last one is the one they are requesting help on. Need about 20K.

The company is a distributor of patented exercise equipment.

[Ehenek]

Why are they overleveraged if they paid off all the equipment? I am assuming this is trucking and they need help on debt refi and working capital. I would use my accounting services to help them with R&D Tax Credits for the IP. I would also analyze their financials to look at cashflow since you mentioned that the EQ is LEASED so the debt schedule is low. It seems like an SBA makes sense.

[JoeSIY]

If credit file is not shot, I can definitely help with traditional banking and credit products
Feel free to reach out if interested.
Joseph Zafir
754-610-2148
yossi@siysolutions.com

[Olderguy]

If they have equipment free and clear, I can take it out with asset based loan - probably 50% of auction value. Should be a reasonably liquid asset.

Just realized this was an old post...

[Olderguy]

Hi Dell here. Any success with this ? If not, send me your file. I can get you a quote
by thursday, the latsest. emailuni@proton.me

No offense but your cell phone doesn't seem to work...it just beeps (there is no name or voice mail) and your office call requires a $.01 cent a minute charge.

No address or phone on your website.

Not a good sign.