A young, working couple came into our office with a need for a quick cash infusion.
The wife is studying at the local university and the husband runs a busy flooring
installation company. As is often the case he has lots of jobs on the go and no
shortage of work, but was not scheduled to be paid from the contractor for at least
30 days. This left him short of the funds he needed to take on another large job,
keep his employees paid on time and buy materials.
The couple owned a newer motorcycle and a ski boat
free and clear. uLoan was able to place a charge
against this collateral and lend him the $3500.00
he needed to keep him working
and profitable. Within two
months, the loan was
repaid and his business
was booming