What lender funds $400k plus LOC for construction business, $300k monthly, 660 fico ?
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  1. #1
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    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 ?

  2. #2
    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.

  3. #3
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    Quote Originally Posted by knox View Post
    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.

    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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