Line of Credit for well established Construction company in Texas
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  1. #1
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    Line of Credit for well established Construction company in Texas

    The client is looking for a LOC of $250,000 - $500,000, TIB 6 years, $2 - $3 million annual revenues, 669 middle FICO.
    Tom Harrier
    Integrity Commercial Loans, LLC
    407-928-8542
    [email protected]
    www.integritycommercialloans.com
    Licensed Florida Real Estate Broker

  2. #2
    Hello!

    I'm a broker located in Texas and recently got this same type of transaction done with a local bank for an electrical contractor here.

    If you want, I can get you in touch with the banker that got it done

  3. #3
    Member Reputation points: 9601
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    Jun 2020
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    Missouri
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    Quote Originally Posted by thorn89 View Post
    Hello!

    I'm a broker located in Texas and recently got this same type of transaction done with a local bank for an electrical contractor here.

    If you want, I can get you in touch with the banker that got it done
    That would be greatly appreciated, thank you!
    Tom Harrier
    Integrity Commercial Loans, LLC
    407-928-8542
    [email protected]
    www.integritycommercialloans.com
    Licensed Florida Real Estate Broker

  4. #4
    Go here:

    https://southendcapital.com/?rp=RP023081

    ISO Rep
    Pacific Ocean Group
    Phone #786-600-7675
    Email: [email protected]

  5. #5
    Those numbers usually fit bank or credit union lines if the financials are clean. Six years in business and a mid six hundred score helps, but lenders will want recent tax returns and proof of consistent margins before quoting a limit. Regional Texas banks tend to be the quickest on construction LOCs, so reaching out to a local commercial banker might get you farther than a national platform.

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