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02-14-2017, 08:47 PM #1
- Join Date
- Dec 2016
- Posts
- 6
100K+ per month business in repayment plan looking for loan w/new officer
I have a Client who defaulted and is currently in a repayment plan. There is another Officer of the company with excellent credit who is looking for a loan ($150K). Business is residential healthcare with monthly deposits from the government of $105K. Will anyone touch this? Let's assume the new officer doesn't have collateral-just a personal guarantee.
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02-14-2017, 09:49 PM #2
- Join Date
- Aug 2014
- Posts
- 620
100K+ per month business in repayment plan looking for loan w/new officer
Probably a deal you should walk away from.
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02-15-2017, 06:42 AM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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02-15-2017, 10:18 AM #4
a default on a previous cash advance company is usually a deal killer
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02-15-2017, 11:00 AM #5
yeah. I had a deal where merchant defaulted and paid if off in full over 12 months ago., Still could not place the deal MCA. Only chance was an invoice factoring company. Maybe if enough AR to payoff balance of current payment plan
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02-18-2017, 12:37 AM #6
- Join Date
- Dec 2016
- Posts
- 30
Call me I can help
914-643-6776
albertom@businesscreditglobal.com
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