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04-28-2015, 02:07 PM #1
- Join Date
- Mar 2015
- Posts
- 26
Construction Company is looking for a new home
I have a construction company who has been in business for 18 years, has a 200k balance with can capital and is requesting 700k. Below are his deposits:
March: Deposits: $1,777,000 Ending balance: $208,995, 4OD, 0 Negative days
Feb: Deposits: $1,621,576 Ending Balance: $548,358 no nfs, 0 ND
Jan: Deposits: $1,348,543 Ending Balance: $188,143 13 OD, 0 ND
Any recommendations?
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04-28-2015, 03:29 PM #2
you are looking for $700K to buyout $200K, you are going to need a whole lot more than just the last three months.
Try last 12 months, 2014 Business Tax Return, 2015 YTD financials for starters.
As far as the balance, I only know of GBR paying off that kind of balance. Most others won't go above $75,000
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04-28-2015, 03:36 PM #3
- Join Date
- Jun 2013
- Posts
- 195
Does the client have real estate they are willing to use? Please email me at cpepe@wbl.com to discuss.
Chris Pepe
Vice President
World Business Lenders
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04-28-2015, 04:23 PM #4
- Join Date
- Mar 2015
- Posts
- 26
Chambo I have their financials, their tax returns and 12 months of statements. Thank you.
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04-28-2015, 04:26 PM #5
Cool, because a deal for size you are talking about, nobody cares about just the last three months.
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04-28-2015, 04:33 PM #6
- Join Date
- Mar 2015
- Posts
- 26
Yes I am aware of that
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04-28-2015, 05:18 PM #7
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Construction Company is looking for a new home
what underlying debt do they have ?
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04-28-2015, 05:21 PM #8
- Join Date
- Feb 2015
- Posts
- 49
Try sfs i have seen them payoff 200k plus on a large deal if they qualify
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04-28-2015, 06:09 PM #9
- Join Date
- Sep 2014
- Posts
- 720
BFS all day.
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04-28-2015, 08:24 PM #10
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04-29-2015, 09:47 AM #11
- Join Date
- Sep 2014
- Posts
- 720
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04-29-2015, 02:41 PM #12
- Join Date
- Jan 2015
- Posts
- 19
I would like to discuss
Please call Mark at 954-507-9533.
I think that I can help.
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04-29-2015, 09:05 AM #13
- Join Date
- Jan 2015
- Posts
- 41
Depending on his credit and whether he has any real estate to pledge as collateral, I may be able to suggest options outside the cash advance arena. PM me if interested
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04-29-2015, 09:53 PM #14
- Join Date
- Apr 2015
- Posts
- 6
Let's talk 786-470-6050
Construction is our specialty. We can pay off up to $500k
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04-30-2015, 11:54 AM #15
- Join Date
- Apr 2015
- Posts
- 188
Shoot me an email nathaniel@instatfundllc.com after you check the website instafundllc.com
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04-30-2015, 02:47 PM #16
I would love to take a look at this in house. We specialize with collateral, and can pay off. Call or email me to discuss. kmacdonald@wbl.com 888-441-9500 ext.234
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