Results 1 to 9 of 9
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02-24-2024, 12:03 AM #1
- Join Date
- Nov 2023
- Posts
- 14
General Contractor looking for $20K LOC
I have a client he is a certified general contractor looking for a line of credit for $20K. He wants monthly payments. Client states that daily payments are tough in his industry. He has had two prior MCAs which he has paid off. Has been offered 3 MCAs and declined them bc of the daily payments. He wants to start a job which will have an upfront cost ~$20K and will be billed to the government. It's essentially a government project.
TIB 35 years.
FICO: 600
Jan - $85K
Dec - $30K
Nov - $65K
Can anyone recommend a direct funder that can help? Thanks
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02-24-2024, 12:33 AM #2
Cash out on any vehicles or assets he has that are free and clear. Can get that funded in a week. 20% to 25% interest, maybe 3 years - monthly payment.
Reach out to Tony if that's the case.
Tony Borchello
First Financial
(888) 211-2197
mobile: (949) 800-5767
tonyb@firstfinancialweb.comLast edited by Olderguy; 02-24-2024 at 12:37 AM.
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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02-24-2024, 02:11 AM #3
- Join Date
- Oct 2022
- Posts
- 280
Does he have other purchase orders with the government?
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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02-24-2024, 02:23 PM #4
- Join Date
- Mar 2016
- Posts
- 83
Sent you a PM.
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02-25-2024, 06:38 AM #5
- Join Date
- Dec 2023
- Posts
- 41
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02-26-2024, 09:35 AM #6Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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02-26-2024, 11:31 AM #7
- Join Date
- Mar 2016
- Posts
- 83
Sent you a reply via pm.
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02-26-2024, 01:37 PM #8
- Join Date
- Dec 2023
- Posts
- 41
I think that size advance is under their cutoff, but doesn't hurt to check.
And they pay 1%.
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02-26-2024, 06:02 PM #9
- Join Date
- Nov 2023
- Posts
- 14
thank you.
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