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  1. #1

    Need a funder for construction company?

    Majority of the monthly deposit totals look good but it's the # of deposits made each month that is the issue.

    Total deposits:
    $40.912.10 in Dec (3 deposits made only)
    $107,208.58 in Jan (1 large deposit only)
    $3,800.00 in Feb (1 deposit only)
    $22,153.46 in Mar (1 large deposit only)
    $9,436.77 in Apr (3 deposits only)

    Merchant looking for $25K

  2. #2
    Senior Member Reputation points: 14
    Join Date
    Apr 2015
    Posts
    188

    Quote Originally Posted by AndreaM View Post
    Majority of the monthly deposit totals look good but it's the # of deposits made each month that is the issue.

    Total deposits:
    $40.912.10 in Dec (3 deposits made only)
    $107,208.58 in Jan (1 large deposit only)
    $3,800.00 in Feb (1 deposit only)
    $22,153.46 in Mar (1 large deposit only)
    $9,436.77 in Apr (3 deposits only)

    Merchant looking for $25K
    Is the deposit base on % of Completion ?
    Shoot me an email and talk nathaniel@instafundllc.com

  3. #3
    Senior Member Reputation points: 1422
    Join Date
    Dec 2013
    Location
    Connecticut
    Posts
    332

    Are you onboard with 2$?
    Isaiah Clark
    General Merchant Funding
    Hartford, CT 06103

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
    Join Date
    Nov 2013
    Posts
    1,733

    Does the client have real estate or vehicles he would be willing to pledge?
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    Construction company

    Quote Originally Posted by AndreaM View Post
    Majority of the monthly deposit totals look good but it's the # of deposits made each month that is the issue.

    Total deposits:
    $40.912.10 in Dec (3 deposits made only)
    $107,208.58 in Jan (1 large deposit only)
    $3,800.00 in Feb (1 deposit only)
    $22,153.46 in Mar (1 large deposit only)
    $9,436.77 in Apr (3 deposits only)

    Merchant looking for $25K
    Andrea, your client might consider factoring their invoices. It will not make a difference whether they invoice on a & of completion or not.
    Bob Shaw
    734.929.3800
    rshaw@advancecredit.com

  6. #6

    Need a funder for construction company?

    I've seen in the past with limited deposits, that merchant holds on to numerous checks and makes 1 deposit

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