[ONEFUND]

Who goes out 10+ months on 1st <100k construction deals? Great daily balances 5k+ 90% of the time.

[fundinggrasshopper]

if it is not located in a restricted state i would expect capybara would make an aggressive 1st. 10 months might be a tall ask. i would expect term offered will reflect the client's fico

[ESE5020]

Who goes out 10+ months on 1st <100k construction deals? Great daily balances 5k+ 90% of the time.

Depending on the state in which the business is located, we engage in first-position construction deals. Our offers consist of Merchant Cash Advance (MCA) arrangements, which do not entail predetermined term lengths. However, for deals meeting our criteria, we can certainly structure our offers based on an estimated 200 payment schedule.

[Honest_Funder23]

Kapitus, Kalmata, VOX, IOU, On-Deck. Fico will be important to get a good term. Other details will matter as well, what type of construction, Tib etc.

[closer129]

Who goes out 10+ months on 1st <100k construction deals? Great daily balances 5k+ 90% of the time.

I would consult the merchant to see why he wants a long term deal for working capital. All business need money regularly so why go out as far as he can then tie his hands for more money from that funder when he needs more earlier than 50% paid in. Or he will have to sack them and take a shorter term with a higher rate and a second payment. Then when he gets to the 50% mark his balance will get refinanced and the new cost is double and the long term is out the window when the deal starts again. My clients love 6-9 months because when we renew our merchants on first positions we just add the new balance to the back of the old which extends the term out longer. They only are charged on the new money and the keep the same one payment. I have merchants tht been with me for 5-6 years and have paid between around 30-39% or several years worth of funding like a line of credit. Feel free to reach out to me more about that and our other programs.


Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872

[Lmonus]

Most of the merchants that request the longest term possible are also the same ones asking for another round of capital 45 days into the advance. Ide connect with the merchant and really find out what their need is and how regularly they need injections of funds.

Construction with no pay history isnt the greatest but if revs consistent, credits ok and balances are good you shouldnt have any issue getting this merchant something solid.

[MCA-VET]

Capybara Capital funds 1sts all the time .... Construction-Friendly (perhaps a little too friendly )