Solar Company 4M annual growing
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  1. #1
    Senior Member Reputation points: 16709
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    Solar Company 4M annual growing

    I have a unique situation.
    Solar Company in CA.
    2015 $4M gross net 130k
    Monthly deposits this year were around 450k a month. They had a bad factoring deal that left them without money and unable to pay workers comp/insurance for their employees and unable to keep production under their company. They had to use a partner company to manage and pay all employees. Partner company receives all invoices and payments.
    As soon as they get funding they will take an run all operations as before. They have a lot of new contracts and work is continued to grow.

    If someone may have a realistic option message me.

  2. #2
    Senior Member Reputation points: 32658 Zach's Avatar
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    WBL can provide $900K-$1.3MM depending on the strength of the collateral. Pricing should be roughly similar (per month) to their prior factoring line.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  3. #3
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    Quote Originally Posted by omegafund View Post
    I have a unique situation.
    Solar Company in CA.
    2015 $4M gross net 130k
    Monthly deposits this year were around 450k a month. They had a bad factoring deal that left them without money and unable to pay workers comp/insurance for their employees and unable to keep production under their company. They had to use a partner company to manage and pay all employees. Partner company receives all invoices and payments.
    As soon as they get funding they will take an run all operations as before. They have a lot of new contracts and work is continued to grow.

    If someone may have a realistic option message me.
    We will lend up to 10% gross annual sales with funding in 24-48 hours. Minimal documentation, collateral ONLY for loans over $200K. Borrower's FICO must be over620+. If we can be of any assistance, give me a call.

    All the best.

    Sean
    LiftForward
    917.477.6534
    sean@liftforward.com

  4. #4
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    Quote Originally Posted by snajieb View Post
    We will lend up to 10% gross annual sales with funding in 24-48 hours. Minimal documentation, collateral ONLY for loans over $200K. Borrower's FICO must be over620+. If we can be of any assistance, give me a call.

    All the best.

    Sean
    LiftForward
    917.477.6534
    sean@liftforward.com
    I should clarify bank deposits are under 5k for September and MTD since the partner company took over so this is not an MCA candidate

  5. #5
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    Solar Company 4M annual growing

    What was the problem with factori,g relationship?
    Bob

  6. #6
    I've helped those in worse situations...Contact me and we can discuss some options available.

    Kyle Readdick, CEO
    Synergy Direct Funding
    2525 Camino del Rio S
    San Diego, CA 92108
    p: [866]428-0172 | f: [888]372-6007
    w: http://synergydirectfunding.com

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