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04-21-2016, 06:26 PM #1Member
Reputation points: 1377
- Join Date
- Oct 2015
- Location
- Brea, California
- Posts
- 88
Clothing Manufacturer 100K in revenue a month BUT only 1 Customer
I have a clothing manufacturer in California who does around $100K a month but only does around 4-5 deposits a month from one customer. Also, he was banking with Chase but just switched to BofA in mid March. He closed the Chase account last week.
He is looking for around 100K. Has been in business 8 years. His score is around 620. ADB 10K. No NSFs. No other outstanding loans.
I am looking for either an advance or term loan.
BFS declined because of 1 customer.
Did not submit to FC because he had a personal BK in 2010.
He had some State & IRS liens but they have all been paid off.
No he does not have any real estate to pledge as collateral.Last edited by BigIz; 04-21-2016 at 06:32 PM.
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