Construction Co. w/ $38K Avg. & 5 Neg days/mo; Seeking $15K
Need a Funder or Vendor? START HERE

Results 1 to 6 of 6
  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Construction Co. w/ $38K Avg. & 5 Neg days/mo; Seeking $15K

    This is a commercial contractor with very good contracts.
    Average $38K/mo
    Has had a problem with Pearl in the past (Pearl made a fake agreement w/ him during time of medical issues, only to renege a few days later)
    but was able to get funding nonetheless many times over.
    Main problem is the negative days that go as high as 9/mo but then as low as just one/mo. Average is 5 monthly.

    Merchant gets paid weekly, so is asking to get a weekly withdrawal because that only makes sense, since he wouldn't miss a single payment.
    However, the industry is one of daily payments & weekly only as some type of reward. Thus, he knows he is being set up to fail from the very next day, but is okay with that.

    Will sign COJ no problem.
    Will sign 1.45 factor
    Will sign short term 60 payments, etc.. but not 40 pmts.

    Please PM if you actually read the post & can fund the deal with what has been written in mind.
    If you can only do $5K offer just because you'll fund anything that walks, please DO NOT PM.

  2. #2
    Senior Member Reputation points: 15507
    Join Date
    Dec 2016
    Location
    Brooklyn N.Y.
    Posts
    428

    Garbage.
    High risk paper

  3. #3
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,049

    Aquila

  4. #4
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by ryan $ View Post
    Aquila
    What's that?

  5. #5
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    I did not read the whole post....try us and you'll know in a few hours.... i talk to ISO's all day who tell me about a merchant with terrible issues at hand and hours later THANK ME for the 40K offer.... so i go by the rule always take a shot and see what comes back.....
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  6. #6
    Senior Member Reputation points: 51665
    Join Date
    Mar 2016
    Posts
    657

    Quote Originally Posted by Fundyman View Post
    Has had a problem with Pearl in the past (Pearl made a fake agreement w/ him during time of medical issues, only to renege a few days later)
    What does that even mean?! The guy either had issues paying or didn't

Similar Threads

  1. Replies: 5
    Last Post: 01-22-2017, 11:47 PM
  2. Replies: 5
    Last Post: 01-17-2017, 10:56 AM
  3. Construction doing 3M a year - 9 negative days in August - OD Protection
    By ISO Relations Specialist in forum Deal Bin
    Replies: 5
    Last Post: 09-15-2016, 02:19 PM
  4. Replies: 1
    Last Post: 07-18-2015, 10:41 AM
  5. Replies: 3
    Last Post: 06-23-2015, 02:23 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

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY