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07-22-2016, 03:43 PM #1
Reputation points: 5777
- Join Date
- Mar 2016
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- 335
Needs 70k Second Position
Okay first of all (I know this is an auto-decline for 99% of you but I need an outside the box idea) this client has cashflow issues. But they are receivable rich. Here are the facts:
-60k balance on an MCA
-MCA filed a UCC due to default
-I want to fund their A/R (90k+) but cannot with the UCC in place
-NSF's all over the board
-30-40k per month in deposits
However, we just need someone to advance ~70k to payoff CAN to terminate their UCC, we fund their receivables within a few days and get their cash flow back so they can make payments on new MCA or completely pay it off.
Am I dreaming or is there a direction someone can point me in? Thanks.
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