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09-19-2023, 02:54 PM #1
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- Join Date
- Mar 2014
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What's the gross profit margin on $1M in the travel agency business - 10%
You have a business owner drowning in debt ($600K) and you want to give him a 5th?
I will never say never in the MCA Industry, but, if some funder would go a 5th - just put a fork in the business.
He/she is going out of business.
Depending on the financials, a true consolidation may (a slim maybe) may be doable
You may be better off securing a CFO for them, my question would be what does a travel agency do with $600K in MCA $$$ ?Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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