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09-20-2016, 01:46 PM #5
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Jay,
Kevin (above) is first rate. My guess is that the client has a factor AND has 400k on top of that in advances. As they are doing $1.25M per month the biggest question is: what is their Gross Profit Margin?
If it is lean the solutions become more challenging- not impossible however. Our Firm works with Funds that deploy their Capital to consolidate these types of files however they will need 100-200% collateral coverage to do so.
Feel free to touch base to see if something can be done for your client..
Best..
Richard 516 510 3855
rg@businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
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