Quote Originally Posted by brokerCompany View Post
Need a direct funder for a 2nd position. Construction. revenues declined by half due to winter and coming into busy season.

150K monthly. Need a 6-9 month term.
Not interested in 1.4+
They currently average 150k monthly
NO WAY you are getting$150K as a second, when they average $150K. Also depends on what the first position offer was. 99% of funders out there will NOT offer more money or longer term on a second.

Unless they are willing to go the invoice factor or SBA route (but those sources are going to want to have 1st pos on UCC, so they would look to buy out whatever is already out there), 1.4+ rates are what are going to be offered across the board