Construction company grossing 30 million. Looking for max offer second position.
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  1. #1

    Construction company grossing 30 million. Looking for max offer second position.

    Hello,

    Construction Business looking for max offer second position. Does not want to pay off the first position.

    Merchant has great credit, grossing 30 million annually. Has a 200k balance

    Looking for direct lenders only.

    Thank you in Advance.

  2. #2
    What is the term and rate that the merchant looking for?

  3. #3
    Igm,

    Here is what we look for regarding construction files.

    Risk Level- High risk Industry - construction Min Avg Sales $- 100k Min Volume - 6 deposits a month Max Days Negative - 3 Minimum average balance- $5000 Pricing-1.45 Max Cmmsn- 8pts Position-2nd thru 3rd Max Funded-$25000 Max Term- 60 days



    John Galante
    The Smarter Merchant
    ISO Relations
    johng@thesmartermerchant.com
    C: 347-377-1273
    P: 888-262-7171
    F: *646-219-2731
    www.thesmartermerchant.com


    Visit The Smarter Merchant's Facebook page:https://www.facebook.com/groups/thesmartermerchant/

  4. #4
    Hey IGM,

    Why don't we take a look at it?

    Submissions@GoldCrestCapitalLLC.com
    718-337-8457

    Thanks

  5. #5
    Senior Member Reputation points: 212
    Join Date
    Aug 2017
    Location
    NYC/Miami
    Posts
    112

    Quote Originally Posted by Igm View Post
    Hello,

    Construction Business looking for max offer second position. Does not want to pay off the first position.

    Merchant has great credit, grossing 30 million annually. Has a 200k balance

    Looking for direct lenders only.

    Thank you in Advance.
    It sounds like a file we would be strong on. 2/3rds larger deals are where we like to compete.
    Up to $1M max funding.

    Lets take a look.
    Eli S.
    FOx Business Funding
    Iso manager
    347. 562. 8796
    elis@foxbusinessfunding.com


  6. #6
    Senior Member Reputation points: 6544
    Join Date
    Dec 2018
    Location
    48 Wall St. New York, NY 10005
    Posts
    271

    Hello Sir, this type of file hits are sweet spot from the info you've provided. Reach out if you'd like to get it submitted or discuss the file further.

    Thanks
    Jeff Pecori
    Business Development & ISO Relations

    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 850.630.7509 Ext.101 | F. 646.219.7949
    jeff@vitalcapfund.com

  7. #7

  8. #8
    Banned Reputation points: 12
    Join Date
    Mar 2020
    Posts
    160

    I would love to provide a second position for you.

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