Results 1 to 10 of 10
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03-18-2022, 03:53 PM #1
- Join Date
- Apr 2013
- Posts
- 358
Construction co. needs $650K / $6M in sales
Owner has never done an MCA and may not be open to MCA rates.
Right now considering Funding Circle and On Deck, but not sure if OD funds this much and how long they will go out. Merchant has a 4% loan from a traditional lender but open to alternatives right now.
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03-19-2022, 07:14 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
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
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03-19-2022, 05:41 PM #3
- Join Date
- Apr 2013
- Posts
- 358
The hope is to make him open to MCA. It sounds like he needs the capital. Still, it's good to have other options (LOC or FC level rates). I'm not sure if the 4% is secured -- he's been in business for 40 years and usually does over $10M before Covid hit. So for anyone who has done fundings in this range or even lower, I appreciate any recommendations.
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03-20-2022, 02:47 PM #4
- Join Date
- Feb 2017
- Posts
- 3,433
Is this is a B2B GC or B2B SC? Then get him a LOC or AR financing of some sort and the rates will be at least half what you're giving him. Also, he won't be locked into endless cycles of term products. Just because it pays less doesn't mean it's wrong for you to offer to your client ;-)
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03-21-2022, 02:19 PM #5
If he's open minded ALFA Advance has no funding max. We can get him closer to $650k than any other MCA provider
Rasheed Miller
(347) 531-9075
https://alfaadvance.com/
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03-22-2022, 03:32 PM #6
- Join Date
- Mar 2022
- Posts
- 24
send it over wed love to see what we can do, response under 10 minutes can get funded under an hour
ari@ibexfundinggroup.com
6463002347
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03-22-2022, 05:25 PM #7
- Join Date
- Mar 2022
- Location
- New york, NY
- Posts
- 11
alikahn@dencapital.org
929-409-9849
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03-31-2022, 02:28 PM #8
- Join Date
- Apr 2021
- Posts
- 121
At Hybrid Advance we do these deals all day long.
Please send this file directly to me.
Email: kevin@hybridadvancellc.com
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03-31-2022, 05:40 PM #9
- Join Date
- Aug 2021
- Posts
- 3
I can set up an equipment lease for this. as well as a lease line of credit if there may be other purchases coming up.
Daniel Velez
VFI Corporate Finance
dvelez@vfi.net
801-438-0737
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04-18-2022, 08:08 PM #10
- Join Date
- Apr 2022
- Location
- New York
- Posts
- 78
Send it over so I can have a look at what's going on, can give you the dollar amount with great rate and term!
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