For businesses in a turnaround
Distressed doesn't mean done. It means the file takes actual reading.
A business coming out of a rough stretch doesn't fit any bank template — that's precisely why templates fail here. We underwrite turnarounds the only way that works: by reading the receivables, the recovery in the deposits, and whether the payment fits the business you're becoming, not the one you were.
Turnaround situations we underwrite
What these have in common: the past looks rough on paper, and the present is genuinely improving. Our job is to verify the second part.
- Post-downturn recovery
Revenue fell hard — a lost contract, a market shock, a bad year — and the last several months of deposits show it climbing back.
- New ownership or management
You bought or took over a struggling business. Its history isn't your history; its receivables and current run-rate are what we read.
- Coming out of a workout
Debts restructured, settlements paid or paying, operations stabilized — but no bank will touch the file for years. The recovery itself is underwritable now.
- Concentration shock
You lost the customer that was 40% of revenue and are rebuilding a broader book. We weigh the collectability of the book you have today.
- Operational fix in progress
Costs cut, pricing corrected, a bad location closed. The fix shows up in recent statements before it shows up anywhere a template can see it.
What happens after you apply
No obligation until you sign. Here is the actual sequence, with honest timing.
- You send the basics
Last 4–6 months of business bank statements, a one-page application, and a short note on what the capital is for.
About 15 minutes of your time
- An underwriter reviews the file
A person — not a scoring algorithm alone — reads your statements and calls you with questions. This is where collectability and affordability get weighed.
Same or next business day
- You get a written offer, or a straight no
If we can't make the numbers work, we say so and tell you why. A decline from us costs you nothing and tells you something useful.
Typically 1–2 business days from complete file
- You decide on your own clock
The offer states the amount, the cost, the payment, and the term in plain figures. Take it to your accountant. We don't do expiring countdown offers.
Funding usually 1–3 days after signing
How we underwrite a recovery
We weight recent months more than old ones. Six months of improving deposits mean more to us than a bad prior year. What we need to see is that the money coming in is real and reliable — collectable — and that the payment we'd add fits inside the recovering cash flow with room to spare. That second test protects you as much as it protects us: a turnaround killed by its own financing payment helps no one.
We will not fund a business that is still falling. If the statements show continued decline, we'll decline the file and say so plainly — and tell you what we'd need to see change to look again in a quarter.