Below is one way to think of Newpoint on matters that do not work for your firm– we do pay referral fees.
When we say “Newpoint begins, where the capital markets end,” we are referring to these sample situations where we thrive, and our history of work shows many successes. For many lenders and finance companies, these are no-go issues. Think of Newpoint as a way to help fix these situations and help find capital that will lend into the repaired situation. Most fixes take 3 to 6 months.
- Owe the IRS
- Owe other govt tax authorities
- Foreign entity ownership
- Fraud against lender
- MCA
- MCA stacking
- MCA countermeasures, such like bank account freezing or redirect letter sent to customers
- Industry trend out of favor (bankruptcy trends are up)
- No cash flow or negative cash flow from operations (before debt service)
- Bounced payroll checks
- Customers and inventory have substantially left (more than 50% down YoY)
- Negative cash flow for a few months or a year
- No profits for two years
- Debt exceeds revenue
- Owner died
- Unsettled divorce
- No viable guarantor
- Industry not allowed to borrow in US
- Shareholder dispute
- Shareholder litigation
- Litigation with employees or other third parties
- Management has been rejected by other lenders
- Mgmt. committed fraud against customers
- Patent run off
- License expiration
- Technology shift away from current practices.
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