Radix Funds Home Health Care Company With Poor Credit

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At Radix, we know that many small businesses do not qualify for traditional financing, but that does not mean they are out of luck. At Radix, we work with bank turn downs every single day.
When a local banker referred a quickly expanding home health care business to Radix, we knew it was a perfect match from the start. 
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BORROWER'S ISSUES

• The borrower needed money to make his next payroll.
• The borrower had a credit score under 600.
• Neither the borrower nor his business had any real estate collateral to offer.
• The borrower’s most recent tax returns showed a net loss.
• The borrower had most of his funds tied up in accounts receivables.

RADIX'S SOLUTION

Despite the borrower’s poor cash flow, the gross income of his business was skyrocketing (even if most if his cash was tied up in receivables), jumping from a gross revenue of $100,000 to $1,000,000 in under one year.

On the strength of that new gross total, Radix was able to obtain financing for the business in under one week’s time. We lent the home health care company $120,000 and the business is stronger today than at any point in the past. Unequivocally, we know that this home health care company has a very healthy future.

To learn more about the different financing options we offer, contact a Radix representative today.