REFERRAL BROCHURE
We finance companies that are not currently qualified for bank financing because they have a risk profile that does not meet the bank's standards. They are usually in transition and need an alternative source of working capital financing until they do qualify for bank financing.
Our typical clients have:
- A short operating history below bank's minimum requirement
- A weak balance sheet with minimal or negative equity
- Growth at a rate that would cause concern for a bank
- A customer base that is concentrated in a few accounts
- Some problems with owner's personal credit record
- Financial reporting that is weak and won't meet bank requirements
- A need to refinance their current lending relationship
They also may be experiencing some of the following challenges:
- Developing negative trends in sales and profitability
- Showing a lack of adequate capital to support sales growth
- Slowing down with A/R collection as customers pay later
- Increasing bad debt accounts that are not being written off
- Increasing A/P that is aging out
- Feeling more pressure from trade creditors
- On “cash only” terms
- Raising inventory levels while sales are decreasing
- Beginning to carry book overdrafts
- Beginning to request that the bank cover issued checks or payroll
- Late with their financial reporting
- Showing bank balances that are trending downward
- Confident that increasing sales will solve cash shortage problem