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Working Capital Advice - - What?? Welcome to this web site
Tell us more. Go to Members page and give us more info.
How long have you been in business?? Have you developed a Business and Marketing Plan.
It is one of the first items an investor will want to see. How hong do you need the funds for??
And how will you repay me?? Do you have an accountant?? A Lawyer??
I actually believe that my firm could definitely help you out even with your credit score. Please give me an email at JRomano@numafinancial.com and hopefully we'll be able to get you the loan as soon as possible, thanks!
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A consulting (financial services) practice that is growing nicely. We continue to hire new people and recurring cashflow (without commission) is in the $500K range per year. Owner's cashflow is in the 30% range. I have below average credit (595) from past market cycle. Credit is improving, but still not considered solid by lenders. Not much in the way of collateral - tapped personal funds and credit during ramp-up phase. 100% of the business is financed from monthly cashflow which is hampering our growth and ability to service new business which in some cases we have to turn down. Classic growing pains in the business. Based on stability and cashflow of business, I believe a revolver/loan/equity in the $28K range (one month's overhead) would allow for breathability. Anybody dealt with this out there? We can service reasonable monthly payments and are current on all of our payables both personally and professional. Any input/advice/help would be greatly appreciated. Thank you.