Looking for AR Financing Lenders financing commercial construction company.
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  1. #1

    Looking for AR Financing Lenders financing commercial construction company.

    5 years TIB as INC
    3 Personal Gurantors one Foreign Visa holder
    600 Fico all 3 pgs
    Home Owners
    Commercial Property Owners
    3.4 year gross revenue 1.8 Net
    3 AR contracts with Kohls and Totall Wine CO total 877k to start 30 days
    has 2 current MCA loans totalling 130k
    Avg Monthly is 230k

    Looking to leverage future receivables. Is there any AR Lenders that work with business loan brokers?

  2. #2
    Senior Member Reputation points: 242074
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    Feb 2017
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    3,463

    You have to find the ones they do construction, not just any AR lender. Send me an email, I'll make an introduction

  3. #3
    Senior Member Reputation points: 16709
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    Jul 2014
    Location
    Jackson Hole Wy
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    732

    Might have to pay off those MCA if they filed UCC. We have active constructions clients that we factor their invoices

    Contact for help

    bzuniga@omegafund.com

    www.omegafund.com
    Private RE Commercial Loans
    AR Financing

  4. #4
    Senior Member Reputation points: 341293
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    Location
    Boynton Beach
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    3,508

    Quote Originally Posted by Cesardb13 View Post
    5 years TIB as INC
    3 Personal Gurantors one Foreign Visa holder
    600 Fico all 3 pgs
    Home Owners
    Commercial Property Owners
    3.4 year gross revenue 1.8 Net
    3 AR contracts with Kohls and Totall Wine CO total 877k to start 30 days
    has 2 current MCA loans totalling 130k
    Avg Monthly is 230k

    Looking to leverage future receivables. Is there any AR Lenders that work with business loan brokers?
    Call NFusion in Texas
    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

  5. #5
    Senior Member Reputation points: 1755
    Join Date
    Oct 2022
    Posts
    294

    I LOVE YOUR BREAKDOWN!
    I am heavily interested in this file and I have the connections that can handle progress billing, retainage, & bonded type of AR to build a proper ABL.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  6. #6
    Senior Member Reputation points: 78900 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,370

    Curt can do A/R on construction but needs to take out the MCA's.

    Curt Powell
    Vice President of Sales
    2510 Solway Road
    Knoxville, TN 37931
    Cell: (865)363-1591
    Direct: (865)333-8890
    powell@capitalplus.com
    www.capitalplus.com

    I can do cash out on the commercial properties. And also do a second lien.

    Tell them to go to a local credit union and get a HELOC on their primary residence - home equity line of credit.
    Last edited by Olderguy; Yesterday at 06:27 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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