Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

-$700k (or) +$140k?... The Banks Don't Trust His #s 💵

17 Oct 2025 · 1 min

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0:47

Short dialogue from a YouTube video (Mike Andes) where two speakers review a problematic set of financial numbers: one line in the ledger shows -$700,000 (contrast claimed +$140,000), the business holds about $25,000 in materials, and cash is currently being used for payroll and materials. The speakers discuss difficulty obtaining higher credit limits (requests for >$10,000 not approved) because banks perceive the business as unprofitable; tax returns and timing of collections (some revenue collected in a later year) are cited as contributing factors.

Questions this video answers

-$700,000

$140 (presented in the dialogue as '140')

$25,000

> $10,000 (requests for limits higher than $10,000 were not approved)

This number says a negative $700,000 in the bank. What's the actual number right now? 140.
That's that bank. I have two bank accounts.
Cash right now is being used for payroll. It's being used for.
Materials sometimes. We have $25,000 in materials. I don't have credit cards with those high limits like that.
Why don't we have the higher limits?
That's. I wasn't approved for any higher limits. I had to get those secured.
And what did they say? Why did they. When you say, hey, I want to have more than $10,000 deals, they said.
My business makes no money. They said, it don't matter if you make a million. If a million, you have no money.
But you have no proof to show otherwise.
Right?
Yeah.
Well, yeah, we just bank. Just like tax.
Returns, for instance. Got it. Okay, so, great. So the tax returns from last year, did they show profit? Oh, no, no, because we never.
Because we didn't collect off that job till this year.
So I'm showing.
Like minus.
200 and something last year. That's the worst year I've had. The lack of confidence you have in getting a credit card is warranted because you don't know if you're making money.