Constructi Co new owner 100k request
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  1. #1
    Senior Member Reputation points: 16709
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    Constructi Co new owner 100k request

    Have a construction co doing $150k monthly with good margins.
    One new owner brought on this year at 50% has good fico over 750. Does not show ownership on prior tax returns only on new corp docs
    The other owner who shows on company tax returns for prior years has 500 fico
    Looking for 12 month deal for 125k+ with early payoff. Not interested in 1.3-4 factor rates. Also not interested in factoring at this time as he needs funding next 48-72 hours will set that up for him later
    Direct lenders message or post

  2. #2
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    Commercial or residential ?

  3. #3
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by omegafund View Post
    Have a construction co doing $150k monthly with good margins.
    One new owner brought on this year at 50% has good fico over 750. Does not show ownership on prior tax returns only on new corp docs
    The other owner who shows on company tax returns for prior years has 500 fico
    Looking for 12 month deal for 125k+ with early payoff. Not interested in 1.3-4 factor rates. Also not interested in factoring at this time as he needs funding next 48-72 hours will set that up for him later
    Direct lenders message or post
    Smells like a deal for Breakout Finance all day... Check them out!

  4. #4
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    Constructi Co new owner 100k request

    When did the new owner obtain 50%? Depending on the length of the new owner along with his credit it is a possibility for us.

    Mike@samsonfunding.com
    347-492-1801

  5. #5
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    breakout was a no go but another funder got him done at a great rate

  6. #6
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by omegafund View Post
    breakout was a no go but another funder got him done at a great rate
    OK. Glad it worked out in either case.

  7. #7
    Quote Originally Posted by omegafund View Post
    breakout was a no go but another funder got him done at a great rate
    Would you mind sharing lender that provided great rate? I have a similar situation.....

    Reply or PM me would be appreciated... Thanks

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