I want to be full disclosure on this so I don't waste anyone's time.
Multi-location pharmacy located in NC - Looking for MINIMUM $250K (ideally more), longer term (if possible) for partial debt refinance.
POSITIVES:
-Family-owned pharmacy since 1907, under current ownership since 1996.
-Doing ~$955K/month in gross sales between 2 entities, willing to include both in qualification. 2016 Tax Returns show gross sales of ~$11.5MM between both entities.
-Average daily balance in 1 of the primary accounts averages +$15K - some negative days, never more than 4 in either account.
-XPN of 748 when ran on 3/20 - I can't promise this is still the case.

NEGATIVES:
-Returned payments are seen from Cardinal - their primary pharmaceutical distributor. Cardinal mistakenly had auto-draft on and the funds will be used to pay off some debt to Cardinal.
-2016 Tax Returns: 2 entities show losses of $299K & $600K.
-Declined by 3 other A/B paper lenders for the following: loss in 2016, excessive debt, multiple blanket UCCs on entities.

I'm looking to help this guy, not put him in a deeper hole than he's in. Any lenders willing to take a look at this and not charge an insane rate? He's willing to put up collateral.

Also, client is looking for funds by 5/10.
I know. Now I'm reaching.