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11-18-2019, 03:48 PM #1
- Join Date
- Dec 2017
- Posts
- 277
Any funders that will leverage a multi million dollar government contract?
The company was awarded a multi million dollar government contract and the FIRST invoice for almost $500,000 has already been submitted for payment. Payment should be received around 12/23/2019.
I am currently working on securing financing for mobilization as well as a factoring facility.
The company is seeking to bridge the gap while the above financing is secured.
It currently averages $300,000 per month but they need $1.5 Million to remain cash flow positive for the next few weeks.
Traditional financing is not an option because one of the principals had a Chapter 13 discharged less than 3 years ago.
Thank you in advance,
Mike
msla*****er@sla*****er.com
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11-18-2019, 04:27 PM #2
- Join Date
- Aug 2019
- Location
- Recently un-retired, "shocked" that nothing has changed.
- Posts
- 116
What's the industry and what have they actually made the last 3 months?
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