Quote Originally Posted by TheChoice View Post
Im sorry If I wasn't clear before, our client owns a restaurant. 1 business, for the past 10+ years. Looking to knock out the balance on the second, which is roughly 48k, and net 50k in working capital. He would like a term of 9+ plus months. Credit is in the low 600's. But has an excellent history of payments with MCAs. Any further questions, please PM ME.
This is an IOU or a Quarterspot deal. They both buy out 2nd's, leave the 1st in place, and go out to 12 months on 2nd positions.