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02-19-2016, 04:27 PM #1
Reputation points: 10
- Join Date
- Nov 2014
- Posts
- 8
Seasonal business - construction
Who funds seasonal businesses?
I have a prospect in the construction industry that did $675k in revenues in 2015 and is expecting $2.5 mill in 2016. The issue is that there were no deposits in January or so far in February. Oct-Dec deposits were 41k, 24k, and 44k. Many years in business, 700 credit score.
He's looking for $50k, and has mentioned paying off the loan by May.
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