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11-02-2015, 09:33 AM #1
- Join Date
- Aug 2015
- Posts
- 9
Auto shop needs 60k
I have a client that has two positions and is looking for 60k to buy out. He wants an ACH ONLY! He deposits on average 40-60k monthly and his AGR is $750k with NO NSFs, Tax leins, BKs, or major delinquencies.
Here is the the issue:
- He's been in business under 3 years
- 650 Fico
- Not much business credit
- Doesn't own a home
This client scored as an A in a few lenders underwriting department, however the business credit is what is causing them to take forever underwriting which makes me think they'll decline it.
If you can do anything with this deal shoot me a message.
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