Contractor Deposits last thee months 220k 100k 141k looking for 1.15 factor
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  1. #1

    Contractor Deposits last thee months 220k 100k 141k looking for 1.15 factor

    Says find a home for your deal. This is a contractor business inception 6/2021. Strong ledger balances. Deposits Oct 220 Sept 100 Aug 141
    He's asking for a 1.15.

  2. #2
    Senior Member Reputation points: 218103
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    General contractor or sub-contractor? Rates like that are doable with the right factoring partner, cash advances won't go that low on construction unless you build in some sort of early payoff. In which case, you may just want to go with a line of credit. And that will depend on the client's personal credit and business profitability to which program that they might find themselves in (Bluevine and Rapid vs. a traditional bank).

  3. #3
    1.15 is a tall ask for less than two years in business.
    Capitalize can potentially give an offer on the deal and work with the factor as long as there's good account receivables.
    You can submit your deal to tyler@capitalizegroup.com.

  4. #4
    Senior Member Reputation points: 22201
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    Ive been told Capybara Capital is one of the strongest on commercial contractors and Home Field Services (plumbers/roofers/fencing/AC-repairs) . Main focus on the B C Deals but tend to be the first in place to win the A Paper deals with the Blemishes. Sign-Up Today! marcus@capybarausa.com
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

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