Construction with limited deposits
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  1. #1
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    Construction with limited deposits

    I have a commercial construction company who does $73,307 a month, and avg. daily ending balance of $26,561 over 6 months, but has limited number of deposits.August had 6, 11 in July, 0 in June, 9 in May, 1 in April, 2 in march, 2 in February. No NSF/Negative ending daily/Over drafts. Mid 500 fico, not very strong credit. 11 year old business. No collateral, an LLC located in MD. No brokers or gmail accounts please. Email me at sigmund@laynecap.com

  2. #2
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    Consider Factoring

    Quote Originally Posted by sigmundpannu View Post
    I have a commercial construction company who does $73,307 a month, and avg. daily ending balance of $26,561 over 6 months, but has limited number of deposits.August had 6, 11 in July, 0 in June, 9 in May, 1 in April, 2 in march, 2 in February. No NSF/Negative ending daily/Over drafts. Mid 500 fico, not very strong credit. 11 year old business. No collateral, an LLC located in MD. No brokers or gmail accounts please. Email me at sigmund@laynecap.com
    There are a few factors that will entertain factoring commercial construction receivables.

  3. #3
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    Quote Originally Posted by sigmundpannu View Post
    I have a commercial construction company who does $73,307 a month, and avg. daily ending balance of $26,561 over 6 months, but has limited number of deposits.August had 6, 11 in July, 0 in June, 9 in May, 1 in April, 2 in march, 2 in February. No NSF/Negative ending daily/Over drafts. Mid 500 fico, not very strong credit. 11 year old business. No collateral, an LLC located in MD. No brokers or gmail accounts please. Email me at sigmund@laynecap.com
    Sigmund, we are actually in the final underwriting stages with a construction company with similar deposits ($ and quantity) and credit score. My one concern would be the 0 deposits in June so I'd need more information on that but we may be able to make something happen. Shoot me an email and I'll take a look for you.

  4. #4
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    Try LoanMe

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