Results 1 to 7 of 7
Hybrid View
-
05-21-2024, 04:01 PM #1
Pls Recommend - No deposit count minimum
Clean cleaning service nothing derogatory on business or personal background the only issue is there is only one deposit per month of 75-85k. Commercial contract receivables. Balances are good, 1st position, abundance of room for a weekly payment. What good paper funders nowadays do not have a deposit count minimum?
-
05-21-2024, 04:11 PM #2
So why not do A/R factoring if he has contract receivables?
Can be funded in 2-3 weeks from start.
I am doing one now for a security guard company.
Costs them 1.25% - 1.5% a month give or take. No other fees.
Whats the use of funds...just W/C or do they need equipment?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.
-
05-21-2024, 08:17 PM #3
- Join Date
- Aug 2021
- Posts
- 159
-
05-22-2024, 07:53 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,477
Single debtor concentration and small.... I would suggest a local factor. You would need to check if the prospect is pre-billing customers for service. Many cleaning services bill at the first of the month for that month's service. This can be difficult to factor if the invoices are pre-billed regardless of the contract language.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
05-22-2024, 08:45 AM #5
Reach out to her and see if she can help.
Nancy Kalman| Senior Business Development Officer
United Capital Funding
401 North Michigan Ave, Suite 1200, Chicago, Illinois 60611
(312) 560-7600 - CellSteve 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.
-
05-22-2024, 10:41 AM #6
- Join Date
- Nov 2019
- Posts
- 672
If the file makes sense i might give an offer. If they get paid by one source by have several clients that can help. Feel free to reach out to me.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
-
05-23-2024, 03:54 PM #7
- Join Date
- Aug 2020
- Location
- Melville
- Posts
- 16
credibly
Griffin Ferro
Dynamic Funding
Cell:631.487.5696
Similar Threads
-
Looking for funders with no minimum deposit requierments
By Businessrevenue in forum Merchant Cash AdvanceReplies: 5Last Post: 11-26-2020, 08:56 AM -
MCA Leads you can count on!
By dtxbusinesssolutions in forum PromotionsReplies: 1Last Post: 01-31-2019, 10:33 AM -
Thoughts on Fundbox. Count as a position?
By Vfunding in forum Merchant Cash AdvanceReplies: 3Last Post: 05-04-2017, 09:20 AM -
Medical Cannabis Grower - Low deposit count
By lendinghand in forum Deal BinReplies: 7Last Post: 03-02-2016, 10:31 PM -
Deal Option for low trans count
By skideeppow in forum Merchant Cash AdvanceReplies: 8Last Post: 12-14-2013, 12:22 AM