Negative Ending Daily Balances
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  1. 07-06-2016, 01:14 PM #1
    sigmundpannu
    sigmundpannu is offline
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    Negative Ending Daily Balances

    I have a company that designs and manufactures thin film coating systems

    At the end of November they did a $60k loan with Cresthill/Mantis for 4 months,
    however it took them 5 months to pay it back, there were several missed payments, but didn’t default.

    No current advances

    They DO NOT take credit cards

    Month Deposits Avg daily balance negative
    June $503,636 $28,886 3
    May $157,001 $7,314 2
    April $154,468 $3,452 14

    There are no BK, tax liens, judgments, owner has clean credit.

    Been in business since 1991, 15 employees, average $3MM gross sales annually

    Any lenders interested in looking at this file?
    Last edited by sigmundpannu; 07-06-2016 at 01:16 PM.
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