Govt General Contractor Needs $300k
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  1. #1

    Govt General Contractor Needs $300k

    Type: Builders
    Where: CA
    Time in Business: 3 years+
    Asking: $300k
    For: Govt building projects (Has ongoing contracts that are billed every 30 days, one totaling $6.9 mil. Expecting $600k in invoices over the next 30-60 days)
    Monthly: $200k+
    Credit: 749

    I have everything you would need to qualify this deal. 12 months bank statements, contracts, invoices, 2 years tax returns, aging report, etc. Invoice factoring or contract financing would work as well. Merchant is looking for 1.16-1.20, 6 month payback. Needs funds ASAP so I'm not interested in over-stipping this client.

    This is a really good deal, any takers?

  2. #2
    Banned Reputation points: 10108
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    I can help you with this.

  3. #3
    Senior Member Reputation points: 16709
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    Jackson Hole Wy
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    We have funded a good dozen construction companies over 250k. BUt you are asking for $300k so you the lender will certainly want a full financial package. Try creditcash or a good invoice factoring company. I work with both invoice factoring companies that do construction invoices
    Wont work for LOC too small
    Ben
    720-279-4345

    www.omegafund.com

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    We can provide invoice factoring for this deal, which sounds like a great fit. Typically we pay 10% of whatever interest we charge, which would be in the ballpark of $1-2,000 of GM for you. This happens EVERY TIME they factor, which most clients do for a year or two before they stop "the drip".
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
    Senior Member Reputation points: 32658 Zach's Avatar
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    As a matter of fact, we could just provide them with a working capital loan along the rates you are asking for as well. Seems like a pretty straightforward deal to me.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

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