Equipment
Can I finance equipment with a 620 credit score?
I run a six-truck hauling company and need to replace two trucks this quarter. My personal score is around 620 after a rough year. Is…
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Showing 20 of 20 questions
Equipment
I run a six-truck hauling company and need to replace two trucks this quarter. My personal score is around 620 after a rough year. Is…
SBA
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Cash flow
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Cash flow
We do about $2.4 million a year in commercial landscaping and every one of our customers pays on net 60, some closer to net 90. Payroll…
Debt strategy
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Startup
We opened in October and we are profitable but small, about $40,000 a month in revenue. Every lender application asks for two years of tax…
Real estate
Our balloon payment on the warehouse comes due in about seven weeks and the refinance we have been working on will not close for at least…
Cash flow
A national retailer just sent a purchase order for $380,000 of product. My supplier wants 50% up front and I have maybe $60,000 in the…
Cash flow
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Startup
The franchisor says total investment is around $560,000 and that most people finance it with an SBA loan and 10% down. I have about $70,000…
SBA
A competitor two towns over wants to retire and has offered to sell me their shop for $1.4 million. We do about $2 million a year and have…
Cash flow
We sell consumer goods and roughly 60% of our year happens between October and December. Our supplier needs orders placed by August with…
Process
Every offer we have received includes a personal guarantee and my business partner is refusing to sign one. The lender says it is standard…
Process
We took equipment financing last year and now a different lender says they cannot fund us because there is a blanket UCC on file. Nobody…
Process
I keep getting different answers about how much cash I need to bring to a closing. One lender wants nothing down, another wants 25%. I am…
Credit
We own our equipment outright and have no debt, but our margins are thin and last year was close to break-even. One broker told me we look…
Credit
The bank declined us and the letter just says insufficient cash flow. We have been in business four years and I thought our numbers were…
Cash flow
We run a marina and make almost all our money between May and September, then bleed cash from October through April. A line of credit…
Cash flow
We are a mechanical subcontractor and every job pays on a draw schedule with 10% retainage held to the end. Payroll runs every two weeks…
Debt strategy
We have three advances taking daily payments and roughly $8,400 a week is coming out of the account. Revenue is steady at about $220,000 a…
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