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11-22-2016, 01:10 AM #1
Small Consolidation Needed
Hi Guys,
Hope someone can lead me in the right direction. I'm looking for a consolidation for my client and extra capital. He's looking for a weekly or monthly payment. Here's the highlights:
- 1 current advance, balance at $30k with 3 months til maturity.
- Payments were originally $420 a day, but now have been reduced to $210. (I know that automatically is a decline with most of the lenders I work with, unfortunately.)
- Wholesale industry, sells Agri equipment.
- Credit is 660+. (Was pre-qualified by Dealstruck last week, but 24 hours later they closed up shop.)
- Last statements were $80k October, $21k Sept, $146k Aug, $13k July, $84k June, $77k May. Average of 2-7 major deposits per month.
- Sole Prop
- In business 2 years
- No real estate
- Net income too low for my go-to, Dan Page. ($584k Gross YTD, but only $67k Net YTD.)
I'd appreciate any feedback, thanks guys!Last edited by TB-Commercial; 11-22-2016 at 01:13 AM.
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