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
    Any collateral the client is willing to use? Email me at cpepe@wbl.com.


    Regards,

    Chris Pepe
    Vice President
    World Business Lenders, LLC

  3. #3
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
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    Quogue, NY
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    1,108

    Would love to see the Financials on this.. I'm sure their is plenty of meat on the bone on the balance sheet..

    Regards,

    Richard 516 510 3855

    rg@businesscapitalconsultants.com

  4. #4
    Daily balances are the main factor here- whether he can sustain the additional daily pull, but based on deposits it looks like there is room. Send an app and banks over to Superior.
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

  5. #5
    Senior Member Reputation points: 16709
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    Jackson Hole Wy
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    726

    Get this guy away from cash advances and prepare him for a term loan or line of credit.
    He should qualify for 500-800k if he has commercial AR




    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..

  6. #6
    visit www.usacapitalbusinessloans.com for any type of business loans, fundings, capitals and cash advance

  7. #7
    ok lets get a "snap-shot" of the business and I can get yuo a few offers in 48 hours. Call Rudy at 646-757-3000 or email me at rjames@merchantsourceinc.com

  8. #8
    Banned Reputation points: 4530
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    Mar 2014
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    Ann Arbor, Michigan
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    1,289

    Advance Credit Funding Corporation is pleased to have recently arranged for a client to receive a $3.0 million factoring line of credit.
    Bob Shaw
    734.929.3800
    rshaw@advancecredit.com

  9. #9
    Senior Member Reputation points: 14
    Join Date
    Apr 2015
    Posts
    188

    Sab@MFP - Hi, I can give him either LOC or short term Loan base on his A/R .
    Shoot me an email nathaniel@instafundllc.com

  10. #10
    If you still need this loan please contact me telconerd@hotmail.com

  11. #11
    Veteran Reputation points: 135672 Chambo's Avatar
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    Location
    New York City
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    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..
    So you are looking for a $400,000 deal paying off $200K? GBR is only company I know who would even entertain that

  12. #12
    Senior Member Reputation points: 14
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    Apr 2015
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    188

    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..
    Hi if the deal is still available look us up at instafundllc.com and shoot me an email at nathaniel@instafundllc.com

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