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CLIENT RESULTS

CLIENT RESULTS

  • Package Delivery Company Saved: $1,747,000 86% 86%

A package delivery company in California took a Merchant Cash Advance (MCA) over $130,000 to cover cash flow issues cause by an IRS tax levy. The daily ACH payment of $463 was unsustainable after the IRS seized over half the funds and payroll used the rest. Business GPS restructured the MCA to a weekly payment of $568 payable over 178 weeks. Summary: Daily ACH of $463 ($2,315 per week) restructured into a weekly ACH of $568 payable over three and a half years (86% savings per week).

  • Landscaping Company Saved: $132,000 65% 65%

A landscaping company in Florida took a MCA through a major lender to bridge the cash flow gap created during his off-season. The lender layered on another MCA, which left our Client with less money and higher rates than before. Business GPS settled the MCA of $204,000 for a one-time, lump sum payment of $72,000. Summary: Daily ACH of $662 due over 432 days settled with 2 months of no payments and a final payment of $72,000, saving our client $ (65% savings!).

  • IT and Software Company Saved: $2,500,000 100% 100%

A large IT and Software company in Virginia had a dispute with their hardware facility for over $2,500,000. Business GPS negotiated a deal in which the entire liability was removed in exchange for a number of unprofitable accounts, which were costing the company over $100,000 per month. Summary: $2,500,000 liability eliminated and cash flow savings created from the elimination of unprofitable accounts (100% savings!).

  • Transport Company Saved: $50,000 63% 63%

A large IT and Software company in Virginia had a dispute with their hardware facility for over $2,500,000. Business GPS negotiated a deal in which the entire liability was removed in exchange for a number of unprofitable accounts, which were costing the company over $100,000 per month. Summary: $2,500,000 liability eliminated and cash flow savings created from the elimination of unprofitable accounts (100% savings!).

  • Commercial Lighting Company Saved: $2,500,000 74% 74%

A commercial lighting company in Virginia suffered from cash flow issues and defaulted on an industrial space lease with the landlord. Once engaged, Business GPS procured a forbearance period, providing our client with time to find alternative space without the pressure of making payments. The client found alternative space and we settled a $27,000 claim for $7,000. Summary: $27,000 claim settled for $7,000 (74% savings!) after a significant period of forbearance in which the client did not have to make any payments to the landlord.

  • Farming Company Saved: $80,000 87% 87%
A farmer in Maryland had 3 years worth of back-tax issues and a pending lawsuit against the company. The current year amount due to the IRS was $42,000, which was reduced to $0. The prior 3 years of tax issues totalled over $50,000, and were reduced down to $12,000 with a 3 month payment plan. Summary: Total of over $92,000 in tax issues reduced to $12,000 (87% savings!) WITH a 3 month payment plan.