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07-03-2015, 11:05 AM #1
- Join Date
- Aug 2014
- Posts
- 21
Are SIC 17 (Contractors and Trades) businesses more risky
I've been trying to get funding for SIC 17 businesses and many funders don't do these deals or have a higher bar. Is there any data or proof that these businesses have had higher default rates on business loans?
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07-06-2015, 10:54 AM #2
were you trying ot fund them just after they came out of the winter months? Usually weakest time to try and get these merchants funded. Did you provide the previous spring/summer months to the funder?
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07-06-2015, 02:16 PM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
MCA's are a short term solution for these accounts.
There are several other options that provide permanent financing and lines of credit for commercial construction companies.
We have several options that have proven successful and profitable over many years.
Give me your contact information if you would like more information.
Bob Shaw
734.929.3800
rshaw@advancecredit.com
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07-07-2015, 03:48 PM #4
- Join Date
- Nov 2014
- Posts
- 438
LoanMe will entertain submissions of any "For-Profit" business that meets our minimum eligibility requirements. No SIC Code or Industry Restrictions as long as the business is not a "Non-Profit"
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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