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07-11-2015, 02:00 AM #1
Reputation points: 30
- Join Date
- Nov 2014
- Location
- Fort Lauderdale, FL
- Posts
- 66
$300k-$500k MCA FOR CONSTRUCTION CO.
600-640+ FICO - Construction Company with solid contracts. 2014 Income tax shows a little over 2MM in gross revenue. The merchant has taken 2 MCA's for 250k each with same lender since August of 2014 and she is now ready to renew again for $250k @1.28 for 5.5 months (weekly payments). However, the owner wants to see if he can actually get at least $350k instead, although 500k would be ideal for their project.
Company overview:
Located in Florida; 10yrs in business; last year gross revenue was a little over 2.1MM; monthly total deposits are a little over $500k and average daily balance is about $80k and solid reputation. They employ 20 people.
Any direct lenders interested in this deal please inbox me directly ASAP since time is of essence. If I do not get an approval by Monday evening or Tuesday morning, they will simply go for the renewal with their existing lender.Last edited by Wmateo; 07-11-2015 at 08:50 AM.
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