[Sachip24]

Merchant is medical staffing company just received winning bid from hospital for $2.2million. Is there any lender that can use contract as a purchase order or invoice to use as collateral for funding?

[JCsfscapital]

We can do invoice financing at Strategic. PM me.

[TedFundy]

We do purchase order funding. We can fill the order if your client does not have the capital (if it makes sense).

I will send a PM

[Kevin Henry-Seacoast]

Merchant is medical staffing company just received winning bid from hospital for $2.2million. Is there any lender that can use contract as a purchase order or invoice to use as collateral for funding?

We love staffing companies! We offer factoring/invoice purchasing facilities. Kevin.Henry@SeacoastBF.com

-I will not read or respond to anyone using a free e-mail address.

[Sachip24]

We love staffing companies! We offer factoring/invoice purchasing facilities. Kevin.Henry@SeacoastBF.com

-I will not read or respond to anyone using a free e-mail address.

Would you lend on the contract amount or on whatever he invoices to the hospital every month?

[bdshaw]

Sachip: I believe we are the only ones in the market that offer what you care looking for. First, let me identify what I think the problem is. your client needs working capital in order to begin filling the new contract. your client may invoice for the entire month before the work is completed or May just need to cover costs until they are in position to issue the initial,acceptable invoice.
I believe the Iron Horse Hybrid, the only program that will allow you to use unearned invoices for funding.
Bob Shaw
rshaw@ironhorsecredit.com
734-929-3800

[bdshaw]

This is not standard factoring nor PO financings. This is WIP, work in process financing a totally different animal. You have responses from some excellent companies but they are not set up to do this type of financing.
Bob

[Sachip24]

Sachip: I believe we are the only ones in the market that offer what you care looking for. First, let me identify what I think the problem is. your client needs working capital in order to begin filling the new contract. your client may invoice for the entire month before the work is completed or May just need to cover costs until they are in position to issue the initial,acceptable invoice.
I believe the Iron Horse Hybrid, the only program that will allow you to use unearned invoices for funding.
Bob Shaw
rshaw@ironhorsecredit.com
734-929-3800

sent you an email

[bdshaw]

I'll call in the am