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  1. #1

    Minimal Deposits - Construction Company

    June: 4 deposits for 153k
    July: No Business
    August: 3 deposits for 70k
    September: 2 deposits for 17k
    October: 4 deposits for 7k
    November: 3 deposits for 78k
    December: 1 deposit for 32k

    Construction company, government contracts, inconsistent revenue and you can see the lack of deposits....Is there anybody that would look at this?

    In biz since 2002
    Received SBA 7a already

  2. #2
    I would be willing to look at this deal if you could answer the following questions for me.

    What state are they located in?
    How much are they seeking?
    Can they provide AR report or work in progress (WIP) report showing revenues coming in Jan --> 2021

    About my company:
    Business Capital Providers is a direct lender since 2016 providing approvals for A-C paper clients, 550 credit minimum, and minimum monthly revenue of 12K. We fund cannabis companies and dispensaries.
    We only have 3 restricted business types (Adult entertainment, Financial services, and Auto Sales)

    Contact me to discuss a partnership with our company.

    David Stewart
    Director of Business Development
    Business Capital Providers
    Office:954-364-7764
    Mobile:954-937-1218
    david@bcproviders.com
    bcproviders.com

  3. #3
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by PatrickFalcone View Post
    June: 4 deposits for 153k
    July: No Business
    August: 3 deposits for 70k
    September: 2 deposits for 17k
    October: 4 deposits for 7k
    November: 3 deposits for 78k
    December: 1 deposit for 32k

    Construction company, government contracts, inconsistent revenue and you can see the lack of deposits....Is there anybody that would look at this?

    In biz since 2002
    Received SBA 7a already
    What amount was their SBA &(a) Loan?
    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

  4. #4
    Senior Member Reputation points: 8536
    Join Date
    Dec 2015
    Location
    Los Angeles, CA
    Posts
    121

    Quote Originally Posted by PatrickFalcone View Post
    June: 4 deposits for 153k
    July: No Business
    August: 3 deposits for 70k
    September: 2 deposits for 17k
    October: 4 deposits for 7k
    November: 3 deposits for 78k
    December: 1 deposit for 32k

    Construction company, government contracts, inconsistent revenue and you can see the lack of deposits....Is there anybody that would look at this?

    In biz since 2002
    Received SBA 7a already
    Cash advance seems like it will be tough to get done (to the extend they want), I can recommend a few lenders but the offers will look like this... $15K @ 1.35 over 120 days... which is a decent offer but doesn't mean anything if it doesn't benefit the customer.

    Do you know what they are seeking the funding for?

    If they are a contractor that gets paid from the Government then definitely try to factor some invoices if they are substantial.

    If it's equipment they need then the deposits will not matter as much as their credit, use of equipment, and the guarantee of the principle.

    Also, if they have equipment assets they they could also collateralize them or look into a sale-leaseback.

    If you'd like to discuss this shoot a PM and I'll send you my #.

  5. #5
    Thank you everybody for the responses, I always appreciate the help from the forum

  6. #6
    Senior Member Reputation points: 1519
    Join Date
    Aug 2020
    Location
    New York, NY
    Posts
    123

    ClearFund would look at a file in these parameters, no promises on if we'd give an offer, but it deff falls into what we constantly Fund.

    send us an email at deals@clearfund.co or 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

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