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  1. #1
    Senior Member Reputation points: 752
    Join Date
    Apr 2014
    Location
    Chicago, IL
    Posts
    185

    Auto Parts Retailer

    There is an auto parts retailer doing about $250K/month with a MCC first of 226K that they want rolled into a weekly payment. I tried QS and they said they couldn't do much as the client just asked for a payment reduction from the first lender.

    Consolidations are out as the company is reporting losses in 2015 and the tax returns aren't adding up. Anything that can be done on this one or is this a dead deal for now?

  2. #2
    Senior Member Reputation points: 68180
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,103

    Consolidations should not be discounted if the client has the assets on the balance sheet to write the paper.. Many Auto Parts firms get busier this time of year and also have an inventory component..

    Touch base for perspective..

    RG

    rg@businesscapitalconsultants.com

  3. #3
    How do their PB months look?

    C - 610-613-9853
    zack@canarybusinessfunding.com

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