Results 1 to 4 of 4
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11-01-2019, 01:14 PM #1
Transportation Company Just Recovering From IRS Levy Needs $60K
This company used to do an easy $230K/mo (AND IS HEADING BACK THERE!)
recent IRS levy of over $150K in payroll taxes resulted in terrible business pain.
Bank statements dropped below $40K deposits in Sept because the merchant gets paid from the State so the funds never even made it to the bank account.
Right now, payment plan is in full effect. No more levy whatsoever. Merchant did over $80K last month.
Seeking $60K working capital BUT will not do 1.49s (I already tried & offered).
Credit is in low 500s but mainly due to IRS complications.
Please PM if you think you can get something done at a decent term (no 80-100 payments). Needs min 7 months.
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11-01-2019, 02:48 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,888
Credit in low 500's and the merchant is attempting to dictate terms?
Merchant generated $80K Gross and wants roughly 70% of their revenue in unsecured capital?
Are they serious?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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11-01-2019, 08:30 PM #3
- Join Date
- Apr 2014
- Posts
- 781
At least u didnt tell him sba loan
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11-05-2019, 11:42 AM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,888
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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