Results 1 to 4 of 4
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05-12-2017, 11:48 AM #1
- Join Date
- Oct 2015
- Posts
- 26
5 Positions; Overnight Route; 10+ years TIB; Over 600 Bureau
Overnight Delivery Route with 5 Existing Advances, 10 + Years Time in
Business, should be over 600 Bureau score. Wants to inquire about
more capital vs waiting on renewal date as a backup. Interested in more
Working Capital or paying off 1 or 2 positions. Difficult situation, understood
there are lots of issues that can be analyzed here. Trying to help
the customer say in line, whether that is possible or not.
Has 5 advances roughly for $100K total balances, does about
$75K to $125K in sales per year depending on the month.
Attempting to do something reasonable for the customer as he may
go out and get another advance on own - So trying to advise them
to wait and figure out a way to slowly pay these off.
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05-12-2017, 11:56 AM #2
- Join Date
- Oct 2016
- Posts
- 4,318
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05-12-2017, 11:59 AM #3
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
This may be a tough one. I do a lot of consolidations but way too small for me (based on gross sales). Sounds like he is WAY over-leveraged. I don't think Breakout Capital would touch this one either.
If he owns real estate (commercial or residential, just not personal residence) I might well be able to help, and stretch things out over a longer term that would be more palatable for him.
Outside of that, this one looks like a struggle.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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05-13-2017, 07:24 PM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Will,
What you haven't mentioned is whether or not the client has a factor AND these advances. If he doing $1.2 per year and has 100k in debt- he isn't over leveraged alleging his Gross Profit margin is around 40%. If he has a Factor, then he likely owes them another 150k or so- THEN THEY ARE ABSOLUTELY OVER LEVERAGED.
5 positions for 100k without a factor is something I can help with every day of the week..
Richard 516 510 3855
Business Capital Consultants
www.businesscapitalconsultants.com
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