[ryanh]

Have a client that is looking to replace his 6mm ABL w/ UMB that ends later this Summer. He is currently at Prime -.5%. He obviously knows that is gone, but he is not entertaining anything that is great then Prime + 6% at the absolute most.

I am running a bank and non bank process parallel.

Deal Spec:

• 50mm annual revenue
• 30+ years in business
• Construction, WIP Billing
• Based in Texas
• Did not trip any covenants and met all financial requirements needed for 2022/2023 with UMB. They are not renewing as they are pulling out of construction
• Cash flow positive.
• 13mm in A/R, all 90 days or less. 95% commercial work

I am open to co-brokering this. No need to spam MCA I have no intention of shopping him for one as there is a 0% chance he takes one. If you do not have a web presence I will not work with you. Feel free to DM/Comment if you may have a bank/non bank in mind. I am already engaged with a few parties, but WIP adds obvious complications.

[Olderguy]

Newtek will do up to $15M using SBA guidelines rate at SBA plus a few points. Might 12.5 - 13.5 thereabouts.
And I have a guy with access to funds that might fit your guidelines.
I also have some private money people but usually their minimum is $10M.
If you want to email some specific I'll be glad to review.
Many of the banks are leaving construction and hospitality.

[omegafund]

Have a client that is looking to replace his 6mm ABL w/ UMB that ends later this Summer. He is currently at Prime -.5%. He obviously knows that is gone, but he is not entertaining anything that is great then Prime + 6% at the absolute most.

I am running a bank and non bank process parallel.

Deal Spec:

• 50mm annual revenue
• 30+ years in business
• Construction, WIP Billing
• Based in Texas
• Did not trip any covenants and met all financial requirements needed for 2022/2023 with UMB. They are not renewing as they are pulling out of construction
• Cash flow positive.
• 13mm in A/R, all 90 days or less. 95% commercial work

I am open to co-brokering this. No need to spam MCA I have no intention of shopping him for one as there is a 0% chance he takes one. If you do not have a web presence I will not work with you. Feel free to DM/Comment if you may have a bank/non bank in mind. I am already engaged with a few parties, but WIP adds obvious complications.

We can possibly help arrange this for you. I have ABL guys still doing construction with decent rates. Non Bank but institutional money. WIP few guys will do it but I have sources.

Contact to discuss
bzuniga@omegafund.com
Benjamin Zuniga
Omega Funding LLC
bzuniga@omegafund.com
www.omegafund.com