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02-24-2016, 12:38 PM #1
Reputation points: 4599
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Ladies Apparel boutique in need of funding.. needs to net at least $35K
This is an LLC and has been in biz for 5 years. Generating $150k/mo most months.. jan and feb only $80K/mo. They owe IOU $54K, Strategic $64K and Kings $26K.. for a total of $144K. Would be fine to leave IOU in place and payoff other two, she needs to net $35K for inventory. Bank statements are stellar, no nsf activity. 90% of revenue is cc's, which is not leveraged. All of the above are daily pulls. Credit is fine.. nothing real bad, just low score (550) due to inquiries and debt. Current daily pull totals $1346.
Need a direct lender that can help with this.
Thanks.