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01-21-2022, 12:23 AM #1
- Join Date
- Dec 2021
- Posts
- 14
$200-300K - General Contractor Poor Credit Trying to Payoff CC and Taxes Due
Good evening:
I am coaching a client to get his financials back in shape and reposition his high end home general contracting business.
He had a partner who was embezzling money and screwed him on credit cards, vendor payments, etc. He's removed him from the partnership and wants capital to rebuild the business. He normally does about $2MM in gross revenue = $300K net operating capital.
$120K in credit cards
$45K to Taxes - Federal and State - on a payment plan with State (California). Federal - working on getting one.
$55-75K wanted for operating capital for marketing and ops.
He's a renter, not a homeowner. FICO is under 550. Doesn't want to file bankruptcy. Wants to pay things off.
My go-to funding sources can't look at this because of FICO and taxes outstanding.
I'm talking to some private high net worth individuals who are adventurous but I wanted to see if y'all had some referrals for me.
Thanks!
Sincerely,
Marcelo Bermudez, CEPA
Chief Executive Officer
Shōkunin, Inc.
Access to Capital for
Commercial Real Estate / Commercial Business / Renewable Energy
Strategic Exit Planning for Business Owners
213.453.9418
www.marcelobermudezinc.com
www.linkedin.com/in/marcelobermudez
Book a meeting here: https://bit.ly/MeetwithMarcelo
Submit your new capital requests Here: https://bit.ly/Shokunin2
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