[LYC]

Hello,

I have a $4MM a year construction business, specializing in rebuilds/disaster recovery. The have just been sub contracted for by a well known $500MM restoration business to complete various rebuilds/recovery in Florida. The terms on the contract are a 45 day net on payment. Merchant is looking to factor these invoices or possibly have a LOC secured by his receivables. Merchant usually has @ $200K-$500K in open A/R at any given time, and that number would be increasing as he begins this contract. Credit is in the low 700's.

Merchant is looking for rates in the lower single digits, as he will not be profitable at higher rates than that.

Please PM me if you can do this.

[MGallegos]

sent you PM

[RichardGerard]

There are several reputable Construction Factors that we work with. They understand milestones, paid when paid, retainage, and all the other nuances associated with that field.

Cost is a bit higher than most industries- however the right relationship is a huge plus for growing Contractors..

Feel free to touch base..

Richard

516 510 3855

www.businescapitalconsultants.com

[mcaguru]

Not sure this specific deal but Cresthill Capital loves funding Construction Firms. Fastest Offers / Fewer Stips / Great Commissions / Latest Hours in MCA!

Sign-Up ASAP!

[MidnightAdvance]

Not sure this specific deal but Cresthill Capital loves funding Construction Firms. Fastest Offers / Fewer Stips / Great Commissions / Latest Hours in MCA!

Sign-Up ASAP!

Construction is toughest to fund.

[blbokeb]

One of every three construction deals go bad.

Like

[nrh1lp]

One of every three construction deals go bad.

I honestly thought that number would be higher

[CreditInsurance82]

Hello,

I have a $4MM a year construction business, specializing in rebuilds/disaster recovery. The have just been sub contracted for by a well known $500MM restoration business to complete various rebuilds/recovery in Florida. The terms on the contract are a 45 day net on payment. Merchant is looking to factor these invoices or possibly have a LOC secured by his receivables. Merchant usually has @ $200K-$500K in open A/R at any given time, and that number would be increasing as he begins this contract. Credit is in the low 700's.

Merchant is looking for rates in the lower single digits, as he will not be profitable at higher rates than that.

Please PM me if you can do this.

You may want to take a look at getting them a credit insurance policy first. It would increase the attractiveness of their A/R by securing it from Bankruptcy, and Slow Pay risk, and allow your client to name a loss payee. All of these items are favored by certain factors, abl, and traditional lenders. I will pm you my contact information.

[Jimmy C]

No problem.

Respectfully,
Jimmy Cannata
Sigican Capital Corp.
Direct: 718-801-1085
Email: jimmy@sigicancapitalcorp.com
Linkedin.com/in/sigicancapital