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.