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  1. #1

    Term Loan for Commercial Construction

    25 years in business, high 600s credit, 5 mil annually. Has one 135k advance, looking for 500k. No blanket UCC filed. Averages 300-450k A/R.

    Bruce A McClanahan
    Shell Beach Capital
    805-295-6628 Office
    805-458-5069 Cell
    www.shellbeachcapital.com
    bruce@shellbeachcapital.com

  2. #2
    Senior Member Reputation points: 16709
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    your best bet for merchant is to get an invoice factor that likes construction deals.
    If you need a couple we have them

    bzuniga@Omegafund.com

  3. #3
    Senior Member Reputation points: 68233
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    PismoBruce,

    My esteemed colleague Ben @ Omegafund makes an excellent point.. Additionally: If your client has strong net earnings to go with his 5M in top line and decent credit, there are term loan options out there as well..

    Feel free to touch base: rg@businesscapitalconsultants.com

  4. #4
    Client wants more than his normal A/R amount though. Normally I would use South End for this but construction is restricted on their term program.

  5. #5
    Senior Member Reputation points: 68233
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    South End typically works with 504 Program (and 7a as well- with external Real Estate lending adjuncts).. There are several options- touch base if you would like assistance..

    RG

  6. #6
    Member Reputation points: 349
    Join Date
    Jan 2015
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    Hi Bruce,
    If your client company owns a $1,000,000 or more of equipment (free and clear) I would recomend $500,000 sale leaseback. Our typical term would be 3 to 5 years and the cost of funds will be cheeper then the typical unsecured term loan.

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