[hardrock]

I have a client that has a cleaning business that brings in about $7,000 to $8,000 a month. He has contracts with several franchises and he wants to expand but all of his new contracts will be net 30. He needs to borrow about $20,000 in order to hire more people so that he can take on more contracts. His credit scores are around 620. Can anyone do this?

[Olderguy]

Any property we can do hard money on?
score too low for personal loan or Heloc or business credit card.

[Kevin Henry-Seacoast]

Any property we can do hard money on?
score too low for personal loan or Heloc or business credit card.

The company does less than $100,000/year in revenue. Chances the owner with sub-par credit lives in a van down by the river.

Find a small local factor and factor the N30 invoices to help with cash flow.

[freeprocessing]

I have a client that has a cleaning business that brings in about $7,000 to $8,000 a month. He has contracts with several franchises and he wants to expand but all of his new contracts will be net 30. He needs to borrow about $20,000 in order to hire more people so that he can take on more contracts. His credit scores are around 620. Can anyone do this?

Would he take an equity partner?