30-50k monthly rev - No credit history
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  1. #1

    30-50k monthly rev - No credit history

    I'm working a construction file that does on average 45k/mo in rev....he has no credit history. Back in September I got him a 4 month offer for about 6k on a 'starter deal' because of the lack of credit history. Would anybody increase the numbers and fund this?

  2. #2
    Senior Member Reputation points: 1519
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    Potentially, We would need to see the file but ClearFund constantly funds construction - especially with some payment history.
    Feel free to send it to deals@clearfund.co or send us an email at partners@clearfund.co

    Thanks.
    Underwriting Desk | ClearFund Solutions | New York, NY.
    P: 855-543-2133 E: deals@clearfund.co W: www.clearfund.co
    _____________________________

    ClearFund is a Direct Funder
    ISO inquires: partners@clearfund.co

  3. #3
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    Elevate specializes in first-positions with no credit.

  4. #4
    We will take a look at it- Lending Valley,Inc.

  5. #5
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    Torro would take a look at this. Revenue seems strong, we would need to clear paybacks as we are coming into winter.

    Feel free to give me a call and we'll get you set up.

    We are a direct lender and will not broker your deals out.
    Evan Ensign
    Director of Business Development
    Torro Funding
    o: 267.592.4291
    evan.ensign@torro.com

  6. #6
    We can fund this. Send me an email.
    Jordan Jensen
    President
    Jordan@CapitalFundingAsap.com

  7. #7
    Thank you for the help everybody, I found a home for the file

  8. #8
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    Quote Originally Posted by PatrickFalcone View Post
    Thank you for the help everybody, I found a home for the file
    Yes, I like that.

  9. #9
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    Second this

  10. #10
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    Quote Originally Posted by PatrickFalcone View Post
    I'm working a construction file that does on average 45k/mo in rev....he has no credit history. Back in September I got him a 4 month offer for about 6k on a 'starter deal' because of the lack of credit history. Would anybody increase the numbers and fund this?
    $10k 1.499 $749d - fund asap

  11. #11
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    Quote Originally Posted by SmartAdvanced View Post
    $10k 1.499 $749d - fund asap
    With that type of offer the contractor is out of business. !
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  12. #12
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    Send deals like this to us private me would of gave merchant 25-30 80 days

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