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  1. #1
    Senior Member Reputation points: 20458 Fundyman's Avatar
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    Dec 2013
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    Export Company does $9MM/yr. Looking for Max Funds.

    I'm facing one of those situations where the merchant won't expose all the bank statements for privacy reasons, but shows $9MM average on tax returns.

    P&L's and balance sheet are consistent with gross income on the tax returns.

    Bank statements show average of $145K deposited each month.
    Beginning and ending balances stay around $600K each month.
    Average daily balance stays around $600K.

    FICO in the 600s.

    Looking for $1MM for operations, preferably term loan. It's not a typical cash advance deal because the interest rate doesn't appeal to him, nor does the terms. However, if it is possible to get him somewhere around $200K now, with 145K showing on the bank statements, he'll most likely do it. That will get him started.

    Any direct in-house lenders able to get this done or feel they can get it done with extra documentation, PM me or email: solidmerchantsolutions@yahoo.com
    Last edited by Fundyman; 07-28-2015 at 01:57 PM.

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