Results 1 to 4 of 4
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05-06-2016, 01:46 PM #1
- Join Date
- Feb 2016
- Posts
- 15
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.
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05-06-2016, 01:48 PM #2
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.
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05-06-2016, 02:05 PM #3
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
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05-06-2016, 03:03 PM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
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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