No/Low Trade Credit for Consruction Company
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  1. #1
    Senior Member Reputation points: 5777
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    No/Low Trade Credit for Consruction Company

    Construction company that does framing and drywall. They are about to take on a large commercial job and need some help before we can factor them. Their residential invoices are not able to be factored.

    Feb - 92k / 5 NSF's
    Mar - 91k / 8 NSF's
    Apr - 111k / 4 NSF's

    Got declined by EV and another for no/low trade credit. Unless a meteor lands on both their current residential projects and on the new commercial project site, it will get paid back. Who can fund this with no or low credit and 8 NSF's in March?

    Not interested in RE (sorry Zack).

  2. #2
    Senior Member Reputation points: 84417
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    Quote Originally Posted by TedFundy View Post
    Construction company that does framing and drywall. They are about to take on a large commercial job and need some help before we can factor them. Their residential invoices are not able to be factored.

    Feb - 92k / 5 NSF's
    Mar - 91k / 8 NSF's
    Apr - 111k / 4 NSF's

    Got declined by EV and another for no/low trade credit. Unless a meteor lands on both their current residential projects and on the new commercial project site, it will get paid back. Who can fund this with no or low credit and 8 NSF's in March?

    Not interested in RE (sorry Zack).
    Do they have any credit card revenue?
    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

  3. #3
    Senior Member Reputation points: 5777
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    Quote Originally Posted by Yankeeman07 View Post
    Do they have any credit card revenue?
    None. Is this dead to the world?

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    Quote Originally Posted by TedFundy View Post
    Construction company that does framing and drywall. They are about to take on a large commercial job and need some help before we can factor them. Their residential invoices are not able to be factored.

    Feb - 92k / 5 NSF's
    Mar - 91k / 8 NSF's
    Apr - 111k / 4 NSF's

    Got declined by EV and another for no/low trade credit. Unless a meteor lands on both their current residential projects and on the new commercial project site, it will get paid back. Who can fund this with no or low credit and 8 NSF's in March?

    Not interested in RE (sorry Zack).
    Aw man
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
    Senior Member Reputation points: 9546
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    Jun 2016
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    Quote Originally Posted by TedFundy View Post
    Construction company that does framing and drywall. They are about to take on a large commercial job and need some help before we can factor them. Their residential invoices are not able to be factored.

    Feb - 92k / 5 NSF's
    Mar - 91k / 8 NSF's
    Apr - 111k / 4 NSF's

    Got declined by EV and another for no/low trade credit. Unless a meteor lands on both their current residential projects and on the new commercial project site, it will get paid back. Who can fund this with no or low credit and 8 NSF's in March?

    Not interested in RE (sorry Zack).
    With strong AR summary I can fund.

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