I have a prospect, structural engineering company with 3 positions totaling approx. $180k. Default on smallest one of $30k, but has been paying it weekly to the tune of $2,500. The other 2 advances are $9k monthly and $1,250 weekly. Is looking for additional funds and is open to a reverse consolidation. The reason for the default was due to the droughts in Nevada hindering the amount of jobs they had and loss of revenue...this has been resolved. Owner has taken advances for the better part of 6 years and is able to provide 12 months banks statements showing timely payments.

Needs funds to hire more employees, marketing. Not too experienced in this situation and I know the default, although being paid, puts a damper on the ability to get another MCA; but I thought I'd reach out here.

Please PM with any questions or to let me know if this is doable.


Ed