[TedFundy]

We are doing an interest only ABL for a roofing contractor in Texas but it is going to take about a week or more. They came to us with 4 MCA'a already so obviously there is a cash flow issue here. He self performs all the work so there are HUGE margins. The problem arises because he overbooked projects and is getting paid slowly. He won the bid to remodel and/or do new roofs on every McDonalds in TX/CO for the 3rd largest McDonalds franchise in the US, so he will get paid. Everything on the LOC won't be wrapped up until next week or longer. The LOC will go to paying off the first few MCA's (or all). They did 3M in deposits in April but have tons of NSF's. I know there is some taboo around a fifth position but he risks not paying his employees until we wrap up the ABL line. So cash is an immediate need for him. Who can do it?

Note: can't collateralize real estate in Texas.

[WestCoastFunding]

Who are his 4 positions with?

[abfunders]

Is Private money on real estate doable? I am working a deal now with a long-term parking lot in Texas that the private lender gave me a quote on. All the borrower needs to find is the fee for the appraisal and to fly the investor down to the property. Hefty sell, but worth it.

[AdvanceFund]

We are doing an interest only ABL for a roofing contractor in Texas but it is going to take about a week or more. They came to us with 4 MCA'a already so obviously there is a cash flow issue here. He self performs all the work so there are HUGE margins. The problem arises because he overbooked projects and is getting paid slowly. He won the bid to remodel and/or do new roofs on every McDonalds in TX/CO for the 3rd largest McDonalds franchise in the US, so he will get paid. Everything on the LOC won't be wrapped up until next week or longer. The LOC will go to paying off the first few MCA's (or all). They did 3M in deposits in April but have tons of NSF's. I know there is some taboo around a fifth position but he risks not paying his employees until we wrap up the ABL line. So cash is an immediate need for him. Who can do it?

Note: can't collateralize real estate in Texas.

For better or for worse ML Factors comes in strongest in construction industry as long as AR is strong.

[TedFundy]

Who are his 4 positions with?

B-D lenders

[TedFundy]

Crickets in here?!

Where are all these proud bottom feeding MCA direct lenders? Who wants to make some money?

[WestCoastFunding]

Have you tried YSC, Mantis, New Era or ML Factor?

[bdshaw]

Great job Ted
Bob