[MikeC524]

Have a merchant in the telecommunications field who owes out 2 million dollars between 4 companies. I understand this is a large sum but the reasoning behind it makes total sense. They borrowed this money to fulfill contracts that they have with notable Fortune 500 companies which include AT&T and Verizon. Currently they have secured a opportunity where they have access to 30 million worth of telecom work. The problem is that the advances while it helped them at the time are hurting there cash flow now as they have 2 million in receivables coming in. They are averaging about 6-7 million a month and trending up even with these issues. There problem is that they have too many opportunities and not enough capital.. So while we are looking for a cash advance consolidation we are opening to hearing about other options. Please no calls from factoring companies as we have already set them up with someone.


Please call 347-242-5478 or contact steven@samsonpartnersllc.com if you have any ideas

[CreditGuy]

Why is a $72-84MM company not bankable?

[MikeC524]

They have been averaging this for the last 4 months, before that about 2 million....They have a line with Suntrust bank which is tapped as of now, they are working with them currently to add to there line, they are looking to bridge as they are working on real financing