[GoldStandard]

Signature Bank is Providing lines of credit 10% up 6 months and 15% up to a year... They gave one of my clients who is a Large contractor Similar Situation. They may want lower balances.


If you need a large advance with weekly payments that can be arranged as well.

industry: Construction
Income: 1Mil+ deposits per month
TIB: 5 years
Real Estate: None.
Credit: 675 +/-
Loan Amount Req'd: As close to 1Mill+ as possible.

Has 650k in MCAs he'd like to consolidate plus any extra 500k +/- if possible. Looking for term loan or line of credit.

Any suggestions?[/QUOTE]

[RichardGerard]

Signature Bank is Providing lines of credit 10% up 6 months and 15% up to a year... They gave one of my clients who is a Large contractor Similar Situation. They may want lower balances.


If you need a large advance with weekly payments that can be arranged as well.

industry: Construction
Income: 1Mil+ deposits per month
TIB: 5 years
Real Estate: None.
Credit: 675 +/-
Loan Amount Req'd: As close to 1Mill+ as possible.

Has 650k in MCAs he'd like to consolidate plus any extra 500k +/- if possible. Looking for term loan or line of credit.

Any suggestions?

[/QUOTE]


I actually bank with them and have a familiarity with their ABL parameters.. They might look at this if it is in their geographic region- as they wouldn't mind the 1.1M per month in deposits.. Again: need details other than deposits, TIB, and FICO...