construction company 1 month no deposits
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  1. #1
    Senior Member Reputation points: 16709
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    construction company 1 month no deposits

    Construction company 5+ years in business In CA.
    1.1M annual sales. Fico low 600. Complete financials.
    Average bank balances $50k
    April they had NO deposits but previous 6 month had 100k deposits each month. April still ended positive with 75k endingbalances and no NSF.
    April Just had an unexpected lag between jobs and payments. Not interested in factoring this one.
    May to Date 50k deposits.
    Looking for 75k-100k weekly ACH for new projects.


    Email info@omegafund.com

  2. #2
    Banned Reputation points: 4530
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    construction company 1 month no deposits

    are they aware of other options to a MCA?

  3. #3
    Member Reputation points: 29 trhall47's Avatar
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    Santa Ana California, United States
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    construction company 1 month no deposits

    I would be interested in looking at this deal! does the merchant have any real estate he would be willing to pledge for this loan?
    --

    Timothy Hall
    Director of Sales and marketing.
    714-200-3297
    thall@aprogressinmotion.com
    www.aprogressinmotion.com

  4. #4
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    New York City
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    118

    WBL can take a look at this if client has collateral. Call/email to discuss. Thank you
    Regards,

    Matthew A. Stucchio
    Associate

    World Business Lenders, LLC

    120 W. 45th St.
    5th & 29th Floor
    New York, NY 10036

    Main: (212) 293-8200
    Direct: (212) 220-6018
    Fax: (646) 417-7161
    Email: Mstucchio@wbl.com
    www.WBL.com

  5. #5
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  6. #6
    I am sure we could get this done, so long as payback months look decent.
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

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