Commercial Welding CO 500k /monthly
Need a Funder or Vendor? START HERE

Results 1 to 14 of 14
  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
    Join Date
    Aug 2015
    Location
    CALIFORNIA
    Posts
    947

    Commercial Welding CO 500k /monthly

    Commercial Welding Co.
    $500k/monthly
    Current balance with national funding 100k

    Needs 250k 12-18 months
    already factoring so not an option
    Any direct funders?

    open to 1st or 2nd
    Last edited by brokerCompany; 03-22-2017 at 12:23 PM.

  2. #2
    Quote Originally Posted by brokerCompany View Post
    Commercial Welding Co.
    $500k/monthly
    Current balance with national funding 100k

    Needs 250k 12-18 months
    already factoring so not an option
    Any direct funders?

    open to 1st or 2nd
    We offer working capital loans that could be what your customer is looking for. Our working capital loans are generally 6-18 month terms, and the funding can be wired within 24-48 hours. Tax returns and last 6 months of bank statements would be necessary if you are looking for 250k. If interested please email me so we can go into more detail.

    dgerson@alliancefunds.com

  3. #3
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    If you have the client's P&L and they are showing net monthly profits in the $42k - $45k range range (less than 10% net margin, which is not unusual in his industry) then he would have the net income to prequalify for $350k (paying off the $100k and an additional $250k of funding).

    I am funding a construction company today for $550k so pretty familiar with the trades.

    Monthly payment, early payoff available any time after six months with no fees, penalties or interest.

    12-24 month terms

    Feel free to reach out and discuss if you like.

    Best,

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

  4. #4
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Broker Company,

    If the Commercial Welder has Machinery and Equipment, net earnings, and potentially an inventory component there are likely options..

    Touch base if you would like assistance..

    Richard 516 510 3855

    Business Capital Consultants
    775 Park Avenue Suite 255
    Huntington, NY 11743

    rg@businesscapitalconsultants.com

  5. #5
    Senior Member Reputation points: 43599 brokerCompany's Avatar
    Join Date
    Aug 2015
    Location
    CALIFORNIA
    Posts
    947

    NET annual income for 16 was 143,000
    But unfortunately he does not have the time to go through your UW process.
    thank you

    Quote Originally Posted by dpFund View Post
    If you have the client's P&L and they are showing net monthly profits in the $42k - $45k range range (less than 10% net margin, which is not unusual in his industry) then he would have the net income to prequalify for $350k (paying off the $100k and an additional $250k of funding).

    I am funding a construction company today for $550k so pretty familiar with the trades.

    Monthly payment, early payoff available any time after six months with no fees, penalties or interest.

    12-24 month terms

    Feel free to reach out and discuss if you like.

    Best,

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

  6. #6
    Senior Member Reputation points: 43599 brokerCompany's Avatar
    Join Date
    Aug 2015
    Location
    CALIFORNIA
    Posts
    947

    No inventory
    143k net earnings. But needs MCA due to time constraints

    Quote Originally Posted by RichardGerard View Post
    Broker Company,

    If the Commercial Welder has Machinery and Equipment, net earnings, and potentially an inventory component there are likely options..

    Touch base if you would like assistance..

    Richard 516 510 3855

    Business Capital Consultants
    775 Park Avenue Suite 255
    Huntington, NY 11743

    rg@businesscapitalconsultants.com

  7. #7
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    BFS wouldn't touch this? Seems like they'd qualify for enough to meet their 50% net.

  8. #8
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Mantis funding loves construction. cant shed much more light of the specifics of the file.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  9. #9
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Broker Company,

    Suggest double dip based on clients need.. Secure the immediate need concurrent with a long term solution. In fact: if you have a prelim approval on a long term solution, I'm sure many funders here would be happy to make money on a Bridge..

  10. #10
    Did you get this deal done? I am with Alliance Funding Group. We are an industry leader in equipment financing and working capital. I can quote as low or lower than traditional banks. I would appreciate the opportunity to prove that to you. We have a simple credit app and can get you a quote the same day. Please contact me.

    http://alliancefunds.com/
    wsmith@alliancefunds.com

    Thanks,
    Will Smith
    Did you get this deal done? I am with Alliance Funding Group. We are an industry leader in equipment financing and working capital. I can quote as low or lower than traditional banks. I would appreciate the opportunity to prove that to you. We have a simple credit app and can get you a quote the same day. Please contact me.

    http://alliancefunds.com/
    wsmith@alliancefunds.com

    Thanks,
    Will Smith

  11. #11
    I would like to help you with this deal. Give me a call at 239-204-0122. My name is Thomas Dukes.

  12. #12
    Senior Member Reputation points: 84417
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,977

    Quote Originally Posted by brokerCompany View Post
    Commercial Welding Co.
    $500k/monthly
    Current balance with national funding 100k

    Needs 250k 12-18 months
    already factoring so not an option
    Any direct funders?

    open to 1st or 2nd
    Does anyone read the forum rules?

    "Going forward all solicitors (whether selling a product/service or asking for deals) must disclose their physical address, phone number and company name.
    This can be visible in the post itself or on an accompanying website. If it's not on one or both, the post may be deleted and the user banned. Free e-mail
    addresses are highly discouraged."
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  13. #13
    Feel free to check us out if you are still looking for funding. You can private message me with any questions.
    Fast Capital 360 - Fast, Transparent & Fair Small Business Loans.

  14. #14
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    Quote Originally Posted by brokerCompany View Post
    Commercial Welding Co.
    $500k/monthly
    Current balance with national funding 100k

    Needs 250k 12-18 months
    already factoring so not an option
    Any direct funders?

    open to 1st or 2nd
    A new factoring company with the ability to fund pre-invoice WIP might do the trick. I believe we are the only factor in the country that has this program. You could always write a MCA on top of us. This would be a lot less pricey than a standard MCA.
    Bob Shaw
    rshaw@ironhorsecredit.com
    734-929-3800

Similar Threads

  1. Replies: 6
    Last Post: 02-21-2017, 12:17 PM
  2. Replies: 6
    Last Post: 02-10-2017, 09:24 PM
  3. Replies: 10
    Last Post: 01-25-2017, 01:08 PM
  4. Replies: 2
    Last Post: 04-14-2015, 08:44 AM
  5. 500k average monthly gross, needs to consolidate.
    By Miller192 in forum Deal Bin
    Replies: 3
    Last Post: 01-13-2015, 11:16 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY