Construction company that is home based
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  1. #1

    Construction company that is home based

    I have a client that owns a construction/ remodeling company. Company is 4 years old. They are not a sole prop but he is home based. Statements look pretty good but could look better. He averages about 50K per month right now but last year was doing about 100K per month. Has a couple of big jobs coming up with a large hospital. He has two open advances that he would like to pay off totaling 40K. He doesn't have any collateral to put up. Looking for a home. Looking for the max amount. Any takers? I know this is a tough one.

    Let me know what you think.

  2. #2
    Senior Member Reputation points: 3956
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    Brent Goggins
    Business Credit Consultants
    ISO Relations Manager
    Direct: 518-776-7501
    Email: BrentG@bccusa.com

  3. #3

    direct private finance company

    Quote Originally Posted by The Money Guy View Post
    I have a client that owns a construction/ remodeling company. Company is 4 years old. They are not a sole prop but he is home based. Statements look pretty good but could look better. He averages about 50K per month right now but last year was doing about 100K per month. Has a couple of big jobs coming up with a large hospital. He has two open advances that he would like to pay off totaling 40K. He doesn't have any collateral to put up. Looking for a home. Looking for the max amount. Any takers? I know this is a tough one.

    Let me know what you think.
    Whats the issue as why you haven't gotten this guy funded ?
    Anyways give me a call 1-888-507-3996 Mr. James or email me james@locallendersinc.com

  4. #4
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    balances are very high..revenue has dropped off

  5. #5
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    Construction company that is home based

    Aling with the advance he should have a factoring agreement to help him with his hospital contracts.

  6. #6
    Depending on the individual balances of the first 2 positions we could come in as a second. We require the merchant net 50%.
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

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