Machine Shop with excessive negatives
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  1. #1

    Machine Shop with excessive negatives

    I have a Machine Shop that is averaging 9 negatives over the last 3 months. Merchant is averaging 46k over the last 3 months and no other advances, here are their numbers:

    April: 30k - average ledger balance $-76 - 11 negative days

    March: 52k - average ledger balance $2300 - 8 negative days

    February: 57k - average ledger balance $2000 - 7 negative days

    Direct lenders only PM if you can help.

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Serious decline in revenue, increasing amount of negative days, I would say zero chance of an offer. Does the merchant have real estate? May be a option for WBL.

  3. #3
    Senior Member Reputation points: 32658 Zach's Avatar
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    Send it my way with any property they might have
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  4. #4
    Banned Reputation points: 4530
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    Machine Shop with excessive negatives

    Acufund you may want to look at a finanance program where negatives to play much consideration.
    Factors as a rule only consider the collectanility of outstanding invoices.
    We might be able to set up an arrangement that helps they manage their money more efficiently and save of OD fees.
    Bob Shaw
    734.929.3800
    rshaw@advancecredit.com

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