Cecil Walker
Farmville, NC (USA)
Role(s):
Chiro One Source
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Startup
Location:
Farmville
Industry:
Wholesale
Year Founded:
2000
Number Employees:
INVALID
Description:
Wholesale chiropractic distributors to chiropractors throughout the USA. Growing at a rate of over 100 new customers per month. Over 70% of our sales are done via credit card and we carry a very low percentage of accounts receivable. We have great cashflow, but are paying high interest and all our funds are financed on a short term basis. Utilized my American Express as a line of credit, until they pulled the plug and forced me to payback 85,000, which I have done over the last 6 months. We are doing well, but I am just tired of paying such crazy interest on our financing and having to payback money on such a short time frame. We are looking for between 70-200K on a five year note.