Business Loan in Raleigh, North Carolina Applicant – Needs $82,000 – Hi My name is S. Barnes and my company is looking for a business loan. We operate a roofing company and much of our business is from the early spring until late fall. Sometimes there is a gap between when customers pay us for work completed and when the invoices for the materials need to be paid to our suppliers.
We would like to arrange a loan that we could draw on as needed to bridge the gap in cash revenues vs. our invoices. You should be aware that we have an excellent collections record. We have not had a bad check from a customer, nor have we had any customers not pay us for work completed in the last five years. There have been times when we have had to bridge the gap ourselves due to late payments, and this is why we would like to have a loan.
We plan to charge the carrying cost of the interest back to those customers who are late with their payments and avoid any additional direct cost to ourselves. Please consider this application and advise.
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