Results 1 to 6 of 6
Hybrid View
-
03-29-2023, 03:24 PM #1
- Join Date
- Nov 2021
- Posts
- 10
Merchant looking for $100k 90 day loan secured by contract with the state of NC
Message from merchant
"I have a business that has a contract with the North Carolina Forest Service (NC State Agency), we provide pumps when they have large wildfires. Usually this is about every 7 years. We have currently been called to provide pumps to flood a 5800 acres fire in Tyrrell County NC. In the past we usually take in over $1,000,000.00 in these operations. We anticipate providing minimum 30 pumps with a daily incomer of over $45,000.00. The company I use for this contract is Mattamuskeet Management and Consulting LLC. It is 100% owned by me. It is used solely for pumping operations and has no income in a couple of years. The usual outlay of cash it takes to fund this operation is about $150,000 and can be secured by the contract with the State of NC. What I would propose is 5% origination fee $100,000 90 day loan interest 5% per month minimum payback $20,000. I have 2 other sources to go to but I thought I would reach out to you first. The state has 30 days to pay from invoicing date. Sometimes they let us invoice bi-monthly sometimes every 30 days."
Merchant has other company that we have funded a couple of MCA's to.
Reach out if you are interested in looking more into this deal!
-
03-29-2023, 03:29 PM #2
- Join Date
- Oct 2021
- Posts
- 55
I can help with this! call me 754-778-8448
-
03-30-2023, 08:35 AM #3
- Join Date
- Sep 2022
- Posts
- 58
Sounds like something we can possibly get done.
Shoot me an email or call and we can discuss further.
-
03-30-2023, 01:44 PM #4Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
-
03-30-2023, 01:47 PM #5
- Join Date
- Apr 2022
- Location
- New York
- Posts
- 78
send it over
-
03-30-2023, 02:06 PM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
Live Oak Bank in NC has a government contractor financing group. It might be worth giving them a call.......
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
Similar Threads
-
Merchant has a ufc contract that is looking for funding
By makemoney123 in forum Merchant Cash AdvanceReplies: 2Last Post: 08-16-2021, 09:13 PM -
Looking for secured collateralized loan lender
By DLD420 in forum Business LoansReplies: 0Last Post: 07-29-2021, 11:17 AM -
Fund off a state contract?
By Cold Caller in forum Deal BinReplies: 4Last Post: 10-07-2019, 12:05 PM -
Loan Secured by Borrower IP
By IPL in forum Deal BinReplies: 15Last Post: 05-16-2018, 08:56 AM -
In need of a larger secured loan?
By joe in forum Business LoansReplies: 15Last Post: 05-05-2014, 03:18 PM