[fund$]

Construction business with $250-300K monthly deposits. Credit is 700. Multiple positions including OnDeck, Strategic, Funding Circle, Forward, and Everest. Monthly pulls are currently $56k. The Everest position was just added about 10 days ago.

Who can do a short-term (1-2 months) deal?

[DannyFoxCap]

Fox approves deals like this all day.

[therosefunder]

What kind of construction is this?

[joemainst]

I will Nail that deal, submit to deals@mainstreetcash.com

[mcaguru]

Mantis Funding --BACK-TO-BACK ALL DAY LONG --! If you have not worked with us recently Please take a shot again --- we are funding merchants HOURS-AFTER-SUBMISSION !!

[riveradvancematt]

River Advance funds 6th positions on constructions. It doesn't sound like merchant is over leveraged either, I can probably give an offer. Send to matthew@riveradvance.com or feel free to call me to discuss at 732-385-8900 Ext 104

[Lmonus]

Construction business with $250-300K monthly deposits. Credit is 700. Multiple positions including OnDeck, Strategic, Funding Circle, Forward, and Everest. Monthly pulls are currently $56k. The Everest position was just added about 10 days ago.

Who can do a short-term (1-2 months) deal?

So the merchant had 18-20% currently coming out? Seems like a deal that's very doable. Why are you only asking for a 1-2 month term though?

[WestCoastFunding]

Like 50 companies would do this.

The funny thing is Mantis does give strong offers on these type of files. But the guy that runs it is insufferable.

[abfunders]

Factoring may make sense here as long as he's billing companies and not residentials. The question is if there's enough space to buy out the UCC's.

[WestCoastFunding]

Strategic funded behind OnDeck?

[NoBigDeal]

Strategic funded behind OnDeck?

I've seen On Deck do some pretty crazy things recently. Fund 2nd, and even 3rd positions. Give 18 month deals on sub 550 FICO. I wonder if Chase pulling their line is making them push more money out at ridiculous terms. Kinda like how CAN was doing before they blew up

[TedFundy]

If they are doing commercial construction and you want to HELP them, call me. We can lend based on their A/R and possibly pay off the MCA debt on future income as well.

Call Me

949.444.3346
Bill Doody

bill@rtfinancialgroup.com

[therosefunder]

Factoring may make sense here as long as he's billing companies and not residentials. The question is if there's enough space to buy out the UCC's.

I have a factor that will onlytake out first position lien and then work through the other MCA debt