Steel Erecting Company $5 Million in 5 Months
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  1. #1

    Steel Erecting Company $5 Million in 5 Months

    I Have a client that needs $200k to buy needed equipment. The business has only been active for a little over 1 year. I have equipment Finance covered he wants the working capital to have flexibility on choosing the equipment along with there being different types of equipment that is needed. Looking for the best direction beyond super high factor rates if possible.

  2. #2
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    Quote Originally Posted by 8FigureFunder View Post
    I Have a client that needs $200k to buy needed equipment. The business has only been active for a little over 1 year. I have equipment Finance covered he wants the working capital to have flexibility on choosing the equipment along with there being different types of equipment that is needed. Looking for the best direction beyond super high factor rates if possible.
    Owners FICO ?
    Term Loan or a possible Personal Loan
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    I may be able to help. I offer working capital up to 500k on a 5 or 7-year term loan

  4. #4
    His credit is 735

  5. #5
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    Get invoices, loan app, bank statements, and get an open approval. Then he can determine what he wants and submit an invoice for that specific piece of equipment.

    Reach out - I have a guy who can do this.
    Steve Benjamin
    Professional Business Loans

    522 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.

  6. #6
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    Quote Originally Posted by 8FigureFunder View Post
    I Have a client that needs $200k to buy needed equipment. The business has only been active for a little over 1 year. I have equipment Finance covered he wants the working capital to have flexibility on choosing the equipment along with there being different types of equipment that is needed. Looking for the best direction beyond super high factor rates if possible.
    Have you tried credibly channel partners itria kapitus or breakout? They have very lower factors and excellent terms man.

  7. #7
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    Quote Originally Posted by 8FigureFunder View Post
    I Have a client that needs $200k to buy needed equipment. The business has only been active for a little over 1 year. I have equipment Finance covered he wants the working capital to have flexibility on choosing the equipment along with there being different types of equipment that is needed. Looking for the best direction beyond super high factor rates if possible.
    that client may need to factor his invoices very soon.

  8. #8
    Quote Originally Posted by 8FigureFunder View Post
    I Have a client that needs $200k to buy needed equipment. The business has only been active for a little over 1 year. I have equipment Finance covered he wants the working capital to have flexibility on choosing the equipment along with there being different types of equipment that is needed. Looking for the best direction beyond super high factor rates if possible.
    I may be able to help with this. Get in touch.

    We have revamped our lending criteria for aggressive offers and maximum deal flow. We pride ourselves on being extremely creative and flexible.

    Our Asset Based Lending Criteria:

    - Non-primary residences only
    - Commercial and investment properties only
    - funding up to 50% LTV
    - Up to 18 month terms
    - Funding in as quickly as 5 days
    - 10 point commission

    Our MCA Criteria:

    - As low as 2k micro funding
    - 6 month Min.time in business
    - B, C, D paper
    - Offers not based on credit score - low credit ok
    - Response time (realistically) as low as 60 minutes
    - 1st - 5th position - Up to 38% withhold of net deposits
    - As low as 1.32 buy rates
    - Terms up to 140 days (weekly's upon approval)
    - Max Upsell to 15 points
    - Early Payoff Discounts
    - 25k a month average revenue
    - Minimum of 5 deposits per month
    - Minimal stips for contract (VC & ID)
    - Docusign Contracts

    - We also offer asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates.

    ISO Agreement Link Bellow;
    https://na4.docusign.net/Member/Powe...db752ace08&v=2

    Michael Ross
    Lendbug LLC
    New York, NY
    Mross@lendbug.com
    646-360-0411

  9. #9
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    What type of equipment and what is the age of the equipment?
    A lot of variables go in to equipment purchase. Send me a PM and I can run through the list and how it works.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  10. #10
    I can take a look at this if you’d like. Andrew@arkcapitalfunding.com
    908-208-3593

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