Mike Andes flies out to help a business drowning in debt. The owner owes customers money while suppliers are demanding payment, creating a cash flow crisis that's strangling the operation.
Customer didn't pay.
Yeah.
So how much do they owe you right now?
A total, like 30 grand.
Okay.
Between the four jobs.
Got it. And so that's really tied up working capital.
Yeah.
What was revenue peak for the, like, a month in 20? 23?
70 grand. About 75 grand.
Great job. Let's go, dude. Good for you.
And then when it started slowing down where I needed a bank payroll, then that stress is almost too much.
We have $40,000 in supplier debt. We got about 25,000 in debt on equipment that is the trucks. 14,000. Is that payday loan kind of thing or like from stripe or. Where does that come from?
So it's an mca.
Okay.
So it's a daily.
Daily. And so how much on that Every day? Right now it's about.
$600 a day, which is. That's what's killing me. I was like, oh, that's no problem. I could handle that because of the volume of work that was coming in at that time.
And at the time, it, like, bailed us out. But now we're like, okay, we're paying out more. We're paying $14,000 in loans a month.
