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04-16-2014, 05:43 PM #1
- Join Date
- Apr 2014
- Posts
- 20
Seeking Funder that will fund a staffing company
Merchant has been in business for 12 years
They do approx 90K in gross sales weekly. $4.6MM Annually.
They currently have a factoring company that is purchasing the receivables in advance for 10%. The gross sales (revenue) is paid directly to the factoring company. Then from there payroll is disbursed and profits are disbursed to the merchant. So the merchant bank account is only showing approx $50K to $60K monthly profits not the gross.... we can however get a printout of the gross from the factoring company proving sales.
He is looking to acquire 200K to 250K
Thanks in advance.
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