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09-28-2023, 04:44 PM #1
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What A-paper Lenders Fund Electrical Contracting?
I have a merchant who is grossing $300,000-$500,000 per month with great ADB's.
A few A-paper lenders are still not funding California. Has anyone seen 12-18 month offers from lenders who fund Cali for similar industries?
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09-28-2023, 06:01 PM #2
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I can help you. If you want to look at something else other than an MCA.
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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09-28-2023, 06:24 PM #3
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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
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09-28-2023, 07:02 PM #4
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I will pm you Dave.
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09-28-2023, 07:05 PM #5
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I have relationships with lenders who do traditional financing (Sba, term loans, loc).
The merchant needs $300,000 in a fairly short time, reason I am going the uncollateralized route.
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09-28-2023, 07:06 PM #6
I got $350,000 SBA 7A through Cadence bank in 25 days. Have to check and see if they'll do contractors. I have another SBA lender who can do trucking.
Last edited by Olderguy; 09-28-2023 at 07:11 PM.
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.
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09-28-2023, 07:44 PM #7
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09-29-2023, 12:02 AM #8
Reputation points: 84417
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- Posts
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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
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09-29-2023, 10:40 AM #9
Reputation points: 10476
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- Nov 2019
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I fund that industry in Cali and you do not need your cali licenses with us. We do not go past 6-9 months but if we are a first position we work renewals like a line of credit in a way that extends out the original term and they do not pay double interest on the old money so the term does not matter if they keep taking and needing money.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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