What A-paper Lenders Fund Electrical Contracting?
Need a Funder or Vendor? START HERE

Results 1 to 9 of 9
  1. #1

    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?

  2. #2
    Senior Member Reputation points: 1755
    Join Date
    Oct 2022
    Posts
    281

    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

  3. #3
    Senior Member Reputation points: 84417
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,952

    Quote Originally Posted by AGuyWhoFunds View Post
    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?
    SBA Express or SBA7(a) Loan or a Bank Term Loan - you don't mention what funding amount they require.
    Any commercial property?

    Should be looking outside MCA $$$ - unless there is something in the woodpile
    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

  4. #4
    I will pm you Dave.

  5. #5
    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.

  6. #6
    Senior Member Reputation points: 73140 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,283

    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.

  7. #7
    Quote Originally Posted by AGuyWhoFunds View Post
    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?
    Kapitus, IOU, Libertas, Balboa. You'll need your Cali license...

  8. #8
    Senior Member Reputation points: 84417
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,952

    Quote Originally Posted by AGuyWhoFunds View Post
    I will pm you Dave.
    Call me . you have my contact info in my signature
    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

  9. #9
    Senior Member Reputation points: 10476
    Join Date
    Nov 2019
    Posts
    676

    Quote Originally Posted by AGuyWhoFunds View Post
    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?
    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

Similar Threads

  1. What’s your favorite/easiest paper to fund?
    By simonwein12 in forum Merchant Cash Advance
    Replies: 1
    Last Post: 01-12-2023, 01:30 PM
  2. Cooper Asset Wants to Fund Your C and D Paper
    By PC Cooper in forum Promotions
    Replies: 0
    Last Post: 05-16-2019, 09:22 AM
  3. Replies: 2
    Last Post: 12-13-2017, 02:28 PM
  4. We Fund All C&D Paper Deals...
    By SupremeCapitalGroupinc in forum Promotions
    Replies: 12
    Last Post: 08-11-2015, 02:47 PM
  5. We Fund All C&D Paper Deals...
    By SupremeCapitalGroupinc in forum Promotions
    Replies: 0
    Last Post: 08-09-2015, 07:29 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY