Need a Funder or Vendor? START HERE

Results 1 to 9 of 9
  1. #1

    Invoice AR financing

    Hello. I have a construction company that is doing over 3mil a year and is looking for invoice financing for about 500k-1mil. The company has 9mil in invoices. It's a newer business (October 21) but he has had high revenues consistently since it began. If there are any direct lenders willing to give this a shot please let me know. Thanks

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,084

    You probably to use more than one factoring company but that's OK. Try Amerisource and they can refer you to others.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Quote Originally Posted by Keysade View Post
    Hello. I have a construction company that is doing over 3mil a year and is looking for invoice financing for about 500k-1mil. The company has 9mil in invoices. It's a newer business (October 21) but he has had high revenues consistently since it began. If there are any direct lenders willing to give this a shot please let me know. Thanks
    What kind of construction?

  4. #4
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
    Posts
    3,334

    Quote Originally Posted by Keysade View Post
    Hello. I have a construction company that is doing over 3mil a year and is looking for invoice financing for about 500k-1mil. The company has 9mil in invoices. It's a newer business (October 21) but he has had high revenues consistently since it began. If there are any direct lenders willing to give this a shot please let me know. Thanks
    Are they a General Contractor (GC) or Subcontractor (SC)? Actually SCs are easier to do than GCs. And if they're GCs, are their clients businesses or private individuals?

  5. #5
    He is a site developer.

  6. #6
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
    Posts
    3,334

    Quote Originally Posted by Keysade View Post
    He is a site developer.
    Sounds like a subcontractor. If you need help here, be in touch, these deals are fun

  7. #7
    Banned Reputation points: 10
    Join Date
    Apr 2022
    Location
    New York
    Posts
    78

    I can help you here feel free to email me

  8. #8
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
    Posts
    3,334

    Quote Originally Posted by GoldFunded View Post
    I can help you here feel free to email me
    So Alex, are you brokering or funding or both or just referring out?

  9. #9
    Banned Reputation points: 191
    Join Date
    Dec 2021
    Posts
    8

    I will pm you, i can do some of it.
    Last edited by Charlie; 05-18-2022 at 04:18 PM.

Similar Threads

  1. Replies: 2
    Last Post: 04-13-2018, 12:32 PM
  2. Replies: 6
    Last Post: 12-13-2017, 09:40 AM
  3. Construction Invoice Financing
    By RyanB in forum Promotions
    Replies: 1
    Last Post: 10-21-2017, 12:44 PM
  4. Government contractor invoice financing
    By johndough17 in forum Merchant Cash Advance
    Replies: 12
    Last Post: 10-20-2017, 09:51 AM
  5. Invoice Financing/ Factoring needed
    By KingCapBoom in forum All Other Lending
    Replies: 2
    Last Post: 09-20-2017, 03:53 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY