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05-22-2015, 02:27 AM #1
Who Does Monthly ACH on 1-5 yr term for Sole Prop Construction Company?
I have a client who is sick and tired of doing daily ACH. Won't even consider doing it. Average about 46K/mo.
Sometimes ends months neg. bal. but average daily bal. $1,000; payback months looking lovely.
Construction company with over $150K in AR but won't do factoring because he won't have his clients called by another company.
Credit is about mid 600s.
He's a sole prop (tax ID #; bank statements in company name).
Looking for at least $50K; factor no higher than 1.30 as long as it's 12-36 months.
I'm looking for 12 pts or more.
Anybody out there does that on an MCA or different loan type?
PM or email me: solidmerchantsolutions@yahoo.com
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