Construction - Business Acquisition*
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  1. #1

    Construction - Business Acquisition*

    I have a client who owns a business already now looking to purchase a construction company that looking to generates $22,345,783 this year. He looking to secure $2.5M, 2-5 yr term loan. The construction company Assets are worth over $3M, enough collateral to secure loan. The total cost of the business will be around 3.5 million which my client will cover the rest.

    I have the constructions business tax returns, updated appraisals and client financials.

    Please let me know what products or lenders I should look at or appoint me.

  2. #2
    I can steer you in the right direction on this one...contact me directly.
    Thanks

  3. #3
    Senior Member Reputation points: 7360
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    Not sure if it is a fit or not, but my max funding amount is $2M, with a 30 month term. If the financials support it, I don't have an issue with business acquisition.

    Feel free to reach out if you would like to discuss.

    Best,

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

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    Quote Originally Posted by mrmcfadden View Post
    I have a client who owns a business already now looking to purchase a construction company that looking to generates $22,345,783 this year. He looking to secure $2.5M, 2-5 yr term loan. The construction company Assets are worth over $3M, enough collateral to secure loan. The total cost of the business will be around 3.5 million which my client will cover the rest.

    I have the constructions business tax returns, updated appraisals and client financials.

    Please let me know what products or lenders I should look at or appoint me.
    I would be interested in seeing this deal. We can potentially fund it as a "bridge loan" while they wait for a larger facility to take us out.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
    Member Reputation points: 23 B2csp's Avatar
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    I have 2 deals thats exactly like that in my pipeline now. We are funding them within 20 days depending how quick the borrower can send us the stips back.
    send me an email or give me a call to discuss. I am sending you my contact info through PM.

  6. #6
    Member Reputation points: 10
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    I sent you a PM
    Jahnae Allen
    Sr. Funding Coordinator

    Direct: (386) 215-6580
    Email: jallen@1080funding.biz


    1080 Premium Funding
    163 Sand Pebble Circle
    Port Orange, FL 32129

  7. #7
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    If your client has accounts receivables that we can qualify we should be able to help.
    Based on your information your client probably has about $.4.0 million in accounts receivable.
    If factored that would yield around $3.0 million in cash. Additionally you may write a MCA with or without our help in conjunction with us and earn an additional fee.
    I'd be glad to discuss the program with you for this or future deals.
    Bob shaw
    Iron Horse Credit
    FKA, Delancey Funding
    rshaw@ironhorsecredit.com
    734-929-3800

  8. #8
    This is something we can do through the SBA with a 10 year term and no prepay. Let me know if that works.
    Jared W. Johnson

    First Vice President
    Community Bank
    909-534-0460
    jjohnson@cbank.com

  9. #9
    Call Lorraine at 765.517.0975.

    Lorraine McNair - COO
    MoveAhead Financial
    2114 E Blvd
    Kokomo, IN 46952
    lorraine@moveaheadfin.com
    www.moveaheadfin.com
    765.517.0975

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