Need assistance with this one, please
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  1. #1
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    Lightbulb Need assistance with this one, please

    Hello,

    Can anyone tell me the best direct lenders for start-up funding? We have several partner agreements with direct lenders but they are not the go-to's for start up financing. If it helps this is my clients' current scenario -

    The client has been awarded a multi-million dollar government contract - his company is the sub but he has the signed award.
    It's a new contract signed less than a month ago. He needs funding to buy the initial fleet of transportation vehicles (ideally 1 million but will look at any amount of funding). The client has 35 years in the industry but took several years off (retired). He is re-entering the industry because of this newly awarded contract. Because he doesn't have financials for the last year, he is viewed as a start-up/new business. Separately, the client is also being considered for similar government contract in another state for the same type of work. This will create more funding opportunities for the firm that I can partner with.

    Please let me know if you know of a lender that can assist with this.

    Thanks!

    Vee
    vee.linkedin@gmail.com

  2. #2
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Sent you a PM & email.
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  3. #3
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    Need assistance with this one, please

    Hi Vee, a more accurate answer would be obtained if you told us what services the contract covers and what type of vehicles your client needs.
    Bob Shaw
    734-929-3800
    rshaw@advancecredit.com

  4. #4
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    Need assistance with this one, please

    I don't get it how is this guy being considered for these contracts if he's not even in the industry anymore? It's like saying I was just awarded trash routes, now all I need is the garbage trucks, garbage men and landfill...

  5. #5
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    Hi Vee. Is this a minority owned business?

  6. #6
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    Quote Originally Posted by MCABroker View Post
    I don't get it how is this guy being considered for these contracts if he's not even in the industry anymore? It's like saying I was just awarded trash routes, now all I need is the garbage trucks, garbage men and landfill...
    Government contracts, it's all about who you know, not how capable you are.

  7. #7
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    Quote Originally Posted by HDF View Post
    Hi Vee. Is this a minority owned business?
    Hi, I will check and see if any of his partners are minorities - but he is not. Thanks!

  8. #8
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    i pmed u

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