Contractor seeking working capital
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  1. #1

    Contractor seeking working capital

    I have a carpenter who has been in business for 17 years. Below are his deposits:

    February: $881,828.57
    January: $1,347911.84
    December: $1,122,522.29
    November: $1,045,278.45

    He has three outstanding balances- 19k, 20k, and 155k. He is looking to consolidate or receive the max amount if possible..

  2. #2
    Senior Member Reputation points: 13325 isaacdstern's Avatar
    Join Date
    Feb 2013
    Posts
    1,285

    YSC will take a look

    800-955-2411

  3. #3
    I can look at this situation from both aspects. PM me to discuss what we have available.

  4. #4
    jotucker1983
    Guest
    Quote Originally Posted by Sab@MFP View Post
    I have a carpenter who has been in business for 17 years. Below are his deposits:

    February: $881,828.57
    January: $1,347911.84
    December: $1,122,522.29
    November: $1,045,278.45

    He has three outstanding balances- 19k, 20k, and 155k. He is looking to consolidate or receive the max amount if possible..
    A couple of questions:

    - Annually is he doing about $13 million in gross sales? Or what are his estimated annual sales?

    - How are his bank statements in terms of NSFs, ODs and Bank Balances? Are the NSFs/ODs under 5 per month give or take? Are the ending bank balances positive for the last 6 months with few negative days?

    - How is his fico score? Is it over 650?

    - How are his financials?

    - Any tax liens, judgment liens or recent bankruptcies?

    If the deal is pretty clean, I have a couple of sources that might be able to do upwards of $500,000 - $750,000 at very good pricing (lower than standard premium pricing) on this with longer term options available. We can split the commission if you would like.

  5. #5
    Member Reputation points: 12
    Join Date
    Mar 2015
    Location
    NY
    Posts
    39

    Any property to tie up with deal.

  6. #6

    Contractor seeking working capital

    Call to discuss deal, we are a direct lender and can put this through

    Dominick
    347 242 5490

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