This is a business I have been working with for over two years now. I got them funded three times now as an MCA, here is the recent scenario:

Business is a seasonal restaurant located in Alaska. Business was started mid 2012 and grosses 3-3.5 million a year, June-August are the busiest months with banks showing about 600k-700k. Bank statements are always strong, merchant never has NSF's, average daily balance is always 15k-20k+.

I was in the middle of a renewal with this merchant and the lender we have been working is at a halt because the merchant has a 450k tax lien. They said they would be fine moving forward with it with proof of a payment plan and because they had funded him several times and he always paid back in less time than the est. turnaround. Now, we sent over the payment plan and the lender is saying that they don't like the way the payment plan is structured (It's structured with him making large payments to the IRS in the summer months because that's when he's busy). The lender is not giving us any idea what would be an acceptable form of a payment plan, just saying to get it restructured and then MAYBE we will accept it.

Here are the details of the current deal with this lender:

Est term: 14 months
Advance Amount: $223,500
Factor: 1.33 (Paying me 8 points)
Holdback: 10%

If anyone can get something similar done given the details of the tax lien please PM me. IT HAS TO BE STRUCTURED AS A HOLDBACK PERCENTAGE, DAILY DOES NOT WORK FOR THIS MERCHANT.

Please only direct lenders, not trying to co-broker this deal.