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06-13-2024, 10:16 AM #1
- Join Date
- Apr 2014
- Location
- Brooklyn, NY
- Posts
- 8
What lender funds $400k plus LOC for construction business, $300k monthly, 660 fico ?
What lender can do $400k business lines of credit, LOC for a commercial construction business with $200k - $300k monthly deposits, and 660 credit scores ?
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06-16-2024, 08:48 AM #2
- Join Date
- Aug 2021
- Posts
- 5
What are they using the money for?
I know a lender that will work with them to finance materials or finance a portion of their project to get them started.
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06-17-2024, 08:27 PM #3
- Join Date
- Apr 2014
- Location
- Brooklyn, NY
- Posts
- 8
Hi Knox,
I will have to ask them for use of capital. Currently, I know lenders that most of them only go upto $100k or $ 150k credit limits. And those who go higher credit limits, those lenders want 700 plus ficos also they want to invoice the merchant 15 points while only pay commish of 2- 3 points to the broker/ ISO. I'm looking for alternative funding products. Either a higher credit limits that includes no invoices of 15 points.
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07-03-2024, 02:57 AM #4
- Join Date
- Oct 2022
- Posts
- 295
I would obtain full financials and most likely lend against the AR, Equpment, Real Estate, & Tax Equity.
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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07-10-2024, 02:57 PM #5
- Join Date
- Dec 2021
- Posts
- 6
Hi Greg, are you still looking to get this done
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07-19-2024, 04:23 PM #6
- Join Date
- Jul 2024
- Posts
- 4
Hello, we offer a LOC for construction up to 5m, feel free to reach out, we'd love to see if we could help!
Midwestern Financial Solutions
Natalia Durham - BDO
(305) 239-7681
email-*nati@midwesternfinancialsolutions.com
MidwesternFinancialSolutions.com
Where your box ends ours begins.
https://www.linkedin.com/company/mid.../?feedView=all
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