Construction Company
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  1. #1
    Senior Member Reputation points: 1018
    Join Date
    Oct 2012
    Posts
    142

    Construction Company

    Our client, a relativity small construction company is looking for $100K in financing. The funding is needed for the purchase of materials to complete a few projects. A MCA will not work, as they have set some parameters, possibly unrealistic. Purchase order financing will not be an option, as these projects do not carry a purchase order document even though these projects involve banks.

    They are looking for an unsecured loan, no hard money lending, SBA type (although not an SBA loan) with rates in the 6%-8% range.

    Financials can be provided for serious inquires.

  2. #2
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    Construction Company

    You are correct, unrealistic.
    I woukd not waste time on this deal until they consider non SBA financing in the high teens or more.

  3. #3
    If they have equipment or collateral, especially vehicles, I can help.
    Sbatchelor@umsfunds.com

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