Results 1 to 5 of 5
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04-14-2016, 10:28 AM #1
Reputation points: 477
- Join Date
- Sep 2014
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- 83
Has over 1m in equipment debt free they want to finance- any lenders??
This client has over 1M in equipment they want to get working capital on. None of the equipment except one piece is within 90 days.....
Has Negative shareholder equity and Negative Net income....
Already set with Factoring!!!!!
Looking for a Term Loan
Any takers?
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04-14-2016, 10:56 AM #2
Reputation points: 4530
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
The answer to your questions will be more precise if you tell us what the company does for a living and what the equipment is.
Given the proper financial circumstances I may either be able to help you or point you to someone who can.
Negative income is not the defining criteria, cash flow is.
Bob
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04-14-2016, 02:56 PM #3
Reputation points: 10
- Join Date
- Mar 2016
- Posts
- 83
Jeff, I sent you a pm.
Marvin K. Fauntroy
MKF Enterprises
202-705-1791
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04-14-2016, 03:08 PM #4
Reputation points: 11
- Join Date
- Apr 2016
- Posts
- 6
need to show / claim profit 1 out of last 2 corp tax returns. fico <620.. then we can discuss term loan if interested..
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04-19-2016, 09:12 AM #5
Reputation points: 4530
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Jeff, you've had this deal posted for a week. Is it still open? If so I would like to talk about it to see if they have positive cash flow and an equipment description.
The losses and negative equity are not the most significant criteria.
If the deal is till open I'd like to talk about it for a few minutes to learn their business, what the equipment is, why they're losing money and what plans they have to turn the company around.
Thanks, Bob
rshaw@advancecredit.com
Advance Credit Funding Corporation
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