Contractor with $650k revenue seeks $150k working capital
Need a Funder or Vendor? START HERE

Results 1 to 22 of 22
  1. #1
    Member Reputation points: 2237
    Join Date
    Sep 2017
    Location
    Scottsdale, AZ
    Posts
    36

    Contractor with $650k revenue seeks $150k working capital

    My client is a contractor $650k 2017 revenue 700+fico. Rate sensitive. Not likely to do MCA type stuff. Thinking a line of credit may help. Looking for options. Any ideas?

  2. #2
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    Seek Capital.

  3. #3
    Senior Member Reputation points: 218103
    Join Date
    Feb 2017
    Posts
    3,347

    General contractor or Sub-contractor?
    If it's a GC, and doing B2B work, then factoring is the best LOC you can ask for.
    If it's a SC, that's more delicate.

    I also have a way to help you monetize the banks with full-doc options. How do you know the FICO is 700+? Merchants are constantly over-estimating themselves. You gotta get the credit reports. www.freecreditscore.com is your first stop to get the Experian report.

    Email me, I can make you a few introductions.

  4. #4
    Member Reputation points: 2237
    Join Date
    Sep 2017
    Location
    Scottsdale, AZ
    Posts
    36

    Client is GC and is B2C
    Last edited by GIGATT50; 04-23-2018 at 12:08 PM.
    David Fears
    Business Development Mgr
    GIGATT Business Solutions
    dlfears@gigattbizsolutions.com
    www.gigattbizsolutions.com
    (602)935-3667

  5. #5
    Member Reputation points: 2237
    Join Date
    Sep 2017
    Location
    Scottsdale, AZ
    Posts
    36

    Any other great ideas?
    David Fears
    Business Development Mgr
    GIGATT Business Solutions
    dlfears@gigattbizsolutions.com
    www.gigattbizsolutions.com
    (602)935-3667

  6. #6
    Senior Member Reputation points: 12878
    Join Date
    Jan 2016
    Posts
    435

    For a line you could try bluevine, you won't get 150K but they might be able to do something. Doubtful his balance sheet is strong enough to really do anything fun with but you never know until you look. You could always go the SBA route if credit really is clean and the financials are half decent.

  7. #7
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    Quote Originally Posted by GIGATT50 View Post
    Any other great ideas?
    Gave you the answer.

  8. #8
    Senior Member Reputation points: 38639 patrickw's Avatar
    Join Date
    Mar 2017
    Posts
    590

    Quote Originally Posted by abfunders View Post
    General contractor or Sub-contractor?
    If it's a GC, and doing B2B work, then factoring is the best LOC you can ask for.
    If it's a SC, that's more delicate.

    I also have a way to help you monetize the banks with full-doc options. How do you know the FICO is 700+? Merchants are constantly over-estimating themselves. You gotta get the credit reports. www.freecreditscore.com is your first stop to get the Experian report.

    Email me, I can make you a few introductions.
    /
    freecreditscore doesn't work :/ do you have better website to know about merchants credit?
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

  9. #9
    Senior Member Reputation points: 218103
    Join Date
    Feb 2017
    Posts
    3,347

    www.creditchecktotal.com is the best $1 trial one, but to cancel now takes a 2 hour wait on the phone.

    Alternatively, if they don't mind paying, then www.myfico.com is excellent.

  10. #10
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,876

    Quote Originally Posted by patrickw View Post
    /
    freecreditscore doesn't work :/ do you have better website to know about merchants credit?
    http://www.creditchecktotal.com - Cost $1.00 for a 9 day trial. Need to call on phone to cancel.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  11. #11
    Senior Member Reputation points: 218103
    Join Date
    Feb 2017
    Posts
    3,347

    Quote Originally Posted by Yankeeman07 View Post
    http://www.creditchecktotal.com - Cost $1.00 for a 9 day trial. Need to call on phone to cancel.
    I agree with Dave that CCT is the best - but creditchecktotal changed their cancellation policy recently. Literally a 2 hour WAIT on the phone and going through their "do you like our service? Why don't you want to continue," etc. roll-playing game to cancel. I know where they're coming from, but I just can't in good faith tell people, it's "just a phone call" to cancel anymore.

  12. #12
    Senior Member Reputation points: 24139
    Join Date
    Apr 2014
    Location
    Washington DC
    Posts
    421

    Quote Originally Posted by GIGATT50 View Post
    Client is GC and is B2C
    Call our head of sales, Steve safirstein. Perfect non-MCA solution
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  13. #13
    Senior Member Reputation points: 43599 brokerCompany's Avatar
    Join Date
    Aug 2015
    Location
    CALIFORNIA
    Posts
    930

    bluevine you will be lucky if merchant get $20k offer. Breakout is good if you can manage approval with them.
    Or else they will have to factor to get real $$

  14. #14
    Senior Member Reputation points: 218103
    Join Date
    Feb 2017
    Posts
    3,347

    Bluevine will give decent approvals on higher quality deals. I've seen $40k offers and 2 $35k offers. ONe started at $20k then went to $35k about 6 weeks later.

  15. #15
    Senior Member Reputation points: 50201
    Join Date
    Jan 2018
    Posts
    353

    Quote Originally Posted by WestCoastFunding View Post
    Gave you the answer.
    Send to Westcoast........hes gonna take an MCA sooner or later so make it happen with you!

  16. #16
    Senior Member Reputation points: 54977
    Join Date
    Dec 2013
    Posts
    4,713

    If for whatever reason they decline this file (can be hundreds of different scenarios) Cresthill Capital / Mantis has founded Thousands of Construction Firms!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  17. #17
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,876

    Your are right on, just have to speed talk them in Costa Rica, control the conversation.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  18. #18
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,049

    Quote Originally Posted by abfunders View Post
    Bluevine will give decent approvals on higher quality deals. I've seen $40k offers and 2 $35k offers. ONe started at $20k then went to $35k about 6 weeks later.
    Ive gotten 200k Bluevine Approvals before

  19. #19

    Loans to $20MM asset based

    Quote Originally Posted by GIGATT50 View Post
    My client is a contractor $650k 2017 revenue 700+fico. Rate sensitive. Not likely to do MCA type stuff. Thinking a line of credit may help. Looking for options. Any ideas?
    If the contractor owns property, I have loans 5 yrs @ 6.2-6.5%, P+I w/ 30 Yr Amortization.
    877-600-FUND

  20. #20

    Loans with Property, 6.2-6.5%, 5 yrs Fixed, 30 yr Amortization

    Contact me at 877-600-FUND(3863)

    A Aurino

  21. #21
    Senior Member Reputation points: 570 dworange's Avatar
    Join Date
    Jun 2016
    Posts
    132

    give me a call 551 263 8638

  22. #22
    I have a vendor who provides

    Loan 2. Unsecured Personal Term Loan
    ADVANTAGES OF THIS LOAN
    • Pre- Approval in 24 hours, funding in1 week
    • Funding up to $400,000
    • You have up to 7 years to pay back loan
    • Unsecured with no liens on any of your assets.
    • Requires no tax returns, and no banks statements.
    • No restrictions on the use of your funds

    QUALIFICATIONS FOR THIS LOAN

    • Minimum FICO score of 680 with no negative credit history – the better the credit, the larger the loan
    • Applicant must have an income of $5,000 per month for the last 12 months
    • Applicants must have worked at the same place for the last 12 months
    • Applicant must have lived at the same location for the last 12 months

    Contact me by email john@drjohnoda.net

Similar Threads

  1. Replies: 7
    Last Post: 05-18-2017, 11:46 AM
  2. contractor same day fund 150k+ monthly
    By brokerCompany in forum Deal Bin
    Replies: 6
    Last Post: 02-27-2017, 05:08 PM
  3. Contractor seeking working capital
    By Sab@MFP in forum Business Loans
    Replies: 11
    Last Post: 08-10-2015, 01:01 PM
  4. Contractor seeking working capital
    By Sab@MFP in forum Deal Bin
    Replies: 5
    Last Post: 05-14-2015, 03:21 PM
  5. Replies: 3
    Last Post: 01-07-2015, 12:25 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Credibly secures third securitization
Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs


DIRECTORY