What Kevin is proposing is the most cost effective way to get things done- no question. Where there are assets there are possible solutions.

As for Dan's firm: definitely has a purpose in the marketplace- no doubt. But his Net Income requirement can be challenging especially due to the cost of the debt associated with the advances.

Piecing things together is where our niche is. If the client falls outside the comfort level of Sea Coast- there are ways to leverage the assets to make lenders feel comfortable enough to see if the client will be profitable with the new credit facility.

Structuring the transaction in a way that gives the client an incentive to not stack behind Senior Debt, and/or bringing in an over advance lender with an inter-creditor agreement will get things done as well.

All being said- you can't go wrong by asking Kevin if it makes sense for his group to wrap around a deal. If the client hasn't shown a net income (precluding Dan), and doesn't want to pay the vig the folks at WBL will charge, give us a shout..

Richard 516 510 3855

Business Capital Consultants
775 Park Avenue Suite 255
Huntington, NY 11743

rg@businesscapitalconsultants.com