Construction Company with Excellent credit and 13 years in Business
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  1. #1

    Construction Company with Excellent credit and 13 years in Business

    Client already has a first position deal with 70k balance. Averages 65k per month with good bank balances. Open-minded to a new first or stand alone second. Looking for at least 60k and no less than 8 months to repay.
    Last edited by randyw; 05-15-2017 at 04:43 PM.

  2. #2
    Senior Member Reputation points: 503040
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    End result will be he gets $20K at 1.45-1.49 over 4-5 months.

  3. #3
    Have you considered a term loan for this file? We have terms up to 10 years and no pre-payment penalties, so borrowers can pay off early controlling their total cost of capital. Please give us a call to discuss.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  4. #4
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    What kind of construction is he doing?

  5. #5
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    Why does he need an MCA if you can get him a NORMAL business credit line? Give me an email, I'll tell you the details, and you'll make a nice amount of money and it's a much easier sell. Why dig him into a hole when you can help him get out and make money?

  6. #6
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    Define excellent credit

  7. #7
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    Construction Company with Excellent credit and 13 years in Business

    Sounds like they qualify for about 30-40k max. Please feel free to reach out if you need any assurance here.

  8. #8
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    Anthony, for your 30-40 @ 1.45, I think I can probably get them an option to be a buy-out if the credit is 700+ with a serious UBLOC with 4-6% yearly APR. OP, send me an email for details - I'm not the source of these funds, but I can sure as heck help you make money on the deal.

  9. #9
    home improvements and renovations

  10. #10
    700 plus

  11. #11
    Senior Member Reputation points: 49940
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    Awesome, that's clearly the better option if the merchant qualifies.

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