Results 1 to 11 of 11
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08-01-2017, 04:35 PM #1
- Join Date
- Mar 2016
- Posts
- 335
Landscaping Company in Arizona
Been having a tough time with this one:
Feb 154k
Mar 158k (4 NSF's)
Apr 220k (6 NSF's)
May 141k (1 NSF)
June 86k (6 NSF's)
July 68k (6 NSF's)
Daily balances fluctuate pretty heavily. The weather is so hot that it is affecting their work. As it cools down, work and collections become more stable.
Anyone have any hope for this? They have real estate but not willing to pledge it. This would be a 2nd. 1st has a balance is 130k (750 per day) which funded in Sept of '16.
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08-01-2017, 04:48 PM #2
- Join Date
- Mar 2016
- Posts
- 335
Also, They do 3-3.5M per year
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08-01-2017, 04:58 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
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
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08-01-2017, 07:07 PM #4
- Join Date
- Jun 2016
- Posts
- 416
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08-02-2017, 10:01 AM #5
- Join Date
- Jul 2017
- Posts
- 3
I would need to run credit. But don't see why we cant't make a offer on it.
David Woods
Direct Biz Capital
O-718-819-1053
C-732-660-5449
David@directbizcapital.com
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08-02-2017, 11:13 AM #6
- Join Date
- Mar 2016
- Posts
- 335
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08-02-2017, 11:23 AM #7
- Join Date
- Mar 2016
- Posts
- 335
Yes everything is completely legal, insurances up to date, etc..
As I said, summer is their slow season.
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08-02-2017, 11:57 AM #8
- Join Date
- Jul 2017
- Location
- FL
- Posts
- 35
This client might be a better fit for A/R financing if they have B2B or Govt receivables.
AmeriFactors Financial Group is a direct lender and has funded over $5BILLION since 1990.
We offer:
• NON-Recourse A/R Factoring
• PO Funding
• Asset Based Lending (ABL)
• SBA Loans
Send me a pm or give me a call or email.
We will look at construction related deals and Commercial Landscapers and give FAST decisions!
We pay brokers RECURRING MONTHLY RESIDUAL Commissions.
Rob Brownell
Amerifactors Financial Group
215 Celebration Place, Suite 340, Celebration, FL 34747
p: 772-419-8606
e: rbrownell@amerifactors.com
w: www.amerifactors.com
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08-02-2017, 12:07 PM #9
- Join Date
- Jun 2017
- Posts
- 119
Are you sure that they wouldn't be open to pledging their real estate short term? We are very flexible and I am sure that we can structure something that makes sense. Give me a call: 860-436-5920
Mike
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08-02-2017, 02:02 PM #10
- Join Date
- Nov 2014
- Posts
- 438
LoanMe may be a good option here. We do lend in AZ and do look at average daily balances to determine if the borrower can afford our monthly payment. Our terms are 2-10 years so their minimum monthly payment is typically lower and more affordable, with no pre-payment penalties on this simple interest term loan they can control their total cost of capital based on their early repayment.
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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08-02-2017, 02:25 PM #11
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
TedFundy-Landscape companies are tough to finance. Factoring is typically not a good option because most commercial landscapers pre-bill their invoices. Small community bank LOC might be a good option if their credit is OK.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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