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03-25-2024, 01:38 PM #1
- Join Date
- Mar 2022
- Posts
- 9
Engineering Company - 1 Default (making payments) + 2 more positions
Looking for a Funder for the following:
I have an engineering company making $10k in remits/week. 1 daily, 2 weekly's.
The daily is a payment arrangement on a default + 2 more positions.
Total Balances approx. $140k with about 6-8 months left among all 3 positions.
Average gross monthly rev past 3 months. (DEC-JAN-FEB) = $105k.
Anyone able or willing to do a reverse or other deal structure? Or is this wishful thinking? (Gotta ask seeing the types of deals that get funded sometimes)
Gentleman is looking to lower payments and cash out max for pending projects that will increase bottom line.
FICO is approx. 580.
Reasonable explanation for default. It's the only one in roughly 5 years of intermittently taking on MCA's. Currently making timely payments on it.
Please DM
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03-25-2024, 01:47 PM #2
Any assets available for ABL?
Property for hard money lending?
Contracts to get money against?Last edited by Olderguy; 03-25-2024 at 01:57 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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