Construction Company Needs 65K ASAP Monthly or Weekly Payments Avg 8 Neg. Days/month
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Construction Company Needs 65K ASAP Monthly or Weekly Payments Avg 8 Neg. Days/month

    This merchant has FICOs in the mid 600s, but is turned off by typical cash advances because it doesn't give him the chance to get paid before repaying.
    Looking for 65K with an option for longer terms than just 6-8 months, so that payments be manageable.

    Business does $500K in yearly revenue.
    Down side of the deal is there are average of 8 negative days a month, so that's not a Daily ACH-friendly file.
    Would need either monthly or weekly ACH or term loan program with longer terms (if there is one out there!)

    If you can work with such a scenario, PM me. Direct lenders only, please.

  2. #2
    I think Factoring would be a better option for this business.

  3. #3
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    Quote Originally Posted by Fundyman View Post
    This merchant has FICOs in the mid 600s, but is turned off by typical cash advances because it doesn't give him the chance to get paid before repaying.
    Looking for 65K with an option for longer terms than just 6-8 months, so that payments be manageable.

    Business does $500K in yearly revenue.
    Down side of the deal is there are average of 8 negative days a month, so that's not a Daily ACH-friendly file.
    Would need either monthly or weekly ACH or term loan program with longer terms (if there is one out there!)

    If you can work with such a scenario, PM me. Direct lenders only, please.
    WBL can take a look at this for you. If the client is willing to pledge collateral we can get him into a longer term with a weekly payment. Please contact me for more details. Thank you
    Regards,

    Matthew A. Stucchio
    Associate

    World Business Lenders, LLC

    120 W. 45th St.
    5th & 29th Floor
    New York, NY 10036

    Main: (212) 293-8200
    Direct: (212) 220-6018
    Fax: (646) 417-7161
    Email: Mstucchio@wbl.com
    www.WBL.com

  4. #4
    Go over to loanme.com they do monthly
    Term product simple interest 1-5 year term he only pays for time he uses the money

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