[brokerCompany]

California Construction Co
Commercial Clients
They average 370k monthly profitable and last year taxes and current ytd
10 nsfs in Aug 5 in Sept
They need 250-300k 1st position
Not interested in factoring since they just got out of a factoring relationship.
Need 18month term
direct lender

[dpFund]

Good morning Broker Company,

I am a direct funder and we do offer an 18 month term. Monthly payments, too.

To qualify for $300k, the client would need to be showing NET MONTHLY income (after they pay all expenses, including themselves) of at least $38k (or $32k for $250k of funding). This is only about a 10% net margin, which is pretty typical in the construction industry.

If this is of interest, please feel free to reach out and discuss.

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com

[TedFundy]

Many factor companies have a difficult time factoring construction receivables. However, this is what we do on a daily basis. If you would like us to have a convo with them to instill some trust and confidence, we would be happy. If not, good luck with Dan or another lender. I am sure you will find a home!

[mcaguru]

We love CONSTRUCTION. UW's needs to decide on terms. you will know pretty quick.

[Davincinc]

Deal struck, NSF Can only be for one month like that in a 12 month period. I have had it waived and considered a seasonal dip....

LMK if you need help getting it approved. I have many resources for such issues.

[SBF]

We lend a percentage of each contract.. typically 25%, to help with initial expenses, until the borrower reaches certain stages in the contract to qualify for a draw. The terms are a weekly payment, over 8, 12, 16 or 20 weeks, depended on contract terms. Cost of funds is lower than any MCA or short term loan out there. Also, there is no limit to the number contracts we fund concurrently or in a staggered structure.. also, the payments can be staggered to assist in ease of payback until first draw is taken down. Our approach is to allow each construction project to finance each loan independent of each other. Also, providing up front funds allows the sub contractor to complete the job faster, instead of stringing out the resources, thereby increasing the margins.