PARADISE TOWING & RECOVERY INC
Fidelity Bank · Sanford, NC · July 1–31, 2026
Beginning balance
$14,214.44
Total credits
$211,115.37
61 credits
Total debits
$140,348.31
77 debits
Ending balance
$84,981.50
The ending balance jump is driven almost entirely by one large funding deposit — not by revenue. Read the breakdown before quoting this file's monthly number.
What jumps out
Read it the way a reviewer would
$111,550 deposit is new funding, not revenue
The single largest credit this month comes from 'FORWARDFINANCING PAYMENTS' — a known MCA funder. That is loan proceeds landing in the account, not a sale. Strip it out before calculating true monthly revenue, or this file's number is wildly inflated.
Consistent Square deposits all month
Dozens of smaller Square Inc ACH deposits land steadily throughout July — real, on-rail card processing revenue, and the strongest part of this file.
At least five existing positions and leases
Recurring AMEX ePayment debits under several different reference codes, plus Intuit Financing (QuickBooks Capital), Beacon Funding, Snap-On Credit, and Kubota Credit payments all appear in the same month. That is a heavily stacked file before any new advance is even discussed.
Current on taxes
Multiple IRS and NC Dept of Revenue tax payments clear this month — the business is current with the government, which is a genuine green flag on an otherwise crowded file.
$25,000 owner's draw the same day funding landed
An internal transfer labeled 'Owners draw' for $25,000 posts on 7/31, the same day the $111,550 funding deposit cleared. Worth a direct conversation about what the new capital is actually being used for.
Advisor's read
Real revenue exists — but the burden is almost certainly too high to stack again
Square processing shows a genuine, steady book of business, and the company is current with the IRS. But between the AMEX positions, QuickBooks Capital, Beacon Funding, Snap-On Credit, and Kubota Credit, this file is carrying several concurrent payments before you ever get to a new advance. Treating the $111,550 ForwardFinancing deposit as revenue would badly overstate what this business actually earns — that number has to come out of any monthly calculation.
The call
Build / decline-to-stack — run a full burden calculation against true Square revenue before considering any new position, and confirm what the ForwardFinancing proceeds were used for.