Roofing Company $65,000 Monthly Deposits
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  1. #1

    Roofing Company $65,000 Monthly Deposits

    Roofing company does an average of $65,000 a month gross revenue. Ending balances are consistent around 5k-6k monthly although in January they ended negative. Currently has 2 advances totaling approximately $25,000 that they still owe at a total of $400 daily. Merchant would like to get both paid off and net the rest, so looking for at least 50k at a first position around $400 daily and factor rate 1.4 or below. Merchant is not interested in a third position.

    Let me know if anyone can get this done! Thank You.
    Last edited by Cshoke; 03-25-2015 at 01:59 PM.

  2. #2
    Member Reputation points: 12
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    where is he located

  3. #3
    California

  4. #4
    Senior Member Reputation points: 68233
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    If the company has been around at least a year, shows a profit annually, and the principal has 620+ FICO, we can arrange to consolidate the debt, and save them considerable debt service

  5. #5
    Senior Member Reputation points: 5016 @jeannette's Avatar
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    Retail Capital can do Roofing and in California. As long as they do not have more than 4 negative days per month the negative ending balance should not be a problem. We usually do 75-95% of deposits depending on cash flow for an ACH so the funding amount that you are looking for sounds like it will works as well.
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  6. #6
    sent pm

  7. #7
    I'll take a look at this deal - Please send application and six months bank statements to jeff@lionsgatefunding.net ( we have our own capital ) Ill fund the same day.

  8. #8
    Member Reputation points: 10 Miguel martinez's Avatar
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    Roofing Company $65,000 Monthly Deposits

    I can get this done no problem email me to discuss further miguel@lendersbox.com
    Miguel Martinez
    Financial Coordinator

    World Business Lenders
    81 Market Square Unit 7
    Newington, CT 06111

    Toll-Free: (888) 441-9500 ext 235
    Efax: (646) 417-7150
    Mobile: (860) 759-6365
    Email: mmartinez@wbl.com

    www.wbl.com

  9. #9
    Senior Member Reputation points: 1158
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    I can get this deal done, but we would be paying off the balances and having him net the rest.
    ---------------------------------------------------------

    Rich McKellar



    www.linkedin.com/in/richardmckellar

  10. #10
    Arcarius can get this done
    Last edited by rich@arcariusfunding.com; 04-17-2015 at 02:31 PM.

  11. #11
    Merchant Source can get this done. Call Rudy at 646-757-3000 or email me at rjames@merchantsourceinc.com

  12. #12

    Roofing Company $65,000 Monthly Deposits

    I can get it done accordingly. Loren@firstmerchantaccess.com

  13. #13
    I can definitely do this for you. Email or call me kmacdonald@wbl.com (888) 441-9500

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