I'm working with a merchant that has a carpet and upholstery cleaning business that grosses about 25-30k monthly. He just got through his slowest months about to go into his busiest time of the year.

He's been in business for 20 years, currently pays $86 daily on an existing advance that he owes about 10k on. His last 6 months of bank statements look good, No NSF's. According to merchant he borrowed 16k and is paying back 24k.

THE PROBLEM: Merchant has a 495 FICO. Not sure how he was able to get such a low daily initially with his FICO.

Looking for 20-25k for this merchant at a 8+ month term if possible.