[kevin85k]

Greetings!
I have a construction Company who does 600k monthly sales. He has excellent credit and looking for 200k-300k ACH. Because of his excellent credit he's requesting a very low rate of 1.10-1.14. If this fits any ones wheel house let me know. Happy Funding!

Best,
Kevin Granville
Merchant Capital Lenders Inc.
cell 516-903-7156
Office 646-480-7055

[Davincinc]

noone will do that low of rate but cancap, and due to being construction your guaranteed 1.24 buy rate and at 1.10- do you think you will make 3,000.00 on a 300k mca?

[kevin85k]

The highest rate the customer would go to would be a 1.18.

[WestCoastFunding]

Wells Fargo.

[Jstarr]

Just FYI, Td Bank is doing 36 month signature business loans under $100,000 - 9.99% for anyone with a 650 credit score and a minimum of 500k annual in sales. I have clients getting them quite often. ( Business must be located in a TD service area)

[abfunders]

Why can't you get him a good factor? That should get you in the range of a 1.12-1.14 cost to capital.

Alternatively, WCF and Jerry are right - you can take him to the right bank, and make money. The trick is knowing how to monetize the bank, that's all. I'll try to reach out to you.

[ryan $]

Rapid has done a 1.12 before, on renewal and paid 1 point.

[Michael I]

there are plenty where you can get a 1.10 buy rate for a 6 month deal .

[Eagle Funding]

Breakout can get you there, and National if they go shorter term