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Thread: question to business owners?

  1. #31
    WishIknew
    You cant make money without risk just dont risk what you dont have or cant afford to lose!!!!!!!

  2. #32
    WishIknew
    Well Did you dive in or what?????????

  3. #33
    Faceaz
    Is it Public or Private, as a GC or Subcontractor? If private I'd be very cautious & as you said have an atty review the contract. If Public I wouldn't be too worried. Make sure you get your Schedule of Values set up & approved right away, then bill 3.5% immediately for mobilization & upfront costs (insurance, overhead, submittals, etc). Good luck.

  4. #34
    koyota93
    I have the chance to bid on a very large project "to me", the problem is I do not have sufficient operating capitol for a project of this size. is there a way to establish a line of credit based on the particulars of the project? I really don't want to leverage my personal assets, I don't think that would cover it anyways. I cannot walk away from this until every option has been explored. this project is going to happen with or without me and I need to step up and make this happen. btw the way the way some of the proceeds from this job will be used for a new boat so this is directly boating related .
    I am a business development officer for a direct lender (factor). If you still need the financing, I will be able to assist you, either through my lender or through one of our many affiliate lenders.
    Some of the benefits include:
    More working capital to capitalize on tremendous business opportunities.
    Setting you up with a construction oriented factor
    Possibly No personal guarantees (recourse), meaning we assume the risk
    Usually about 70% upfront, the 30% minus the discount rate upon payment from your customer.
    Usually funds within a couple business days.
    Your credit is not important, we mainly look at your customer's credit.
    Possibly no personal financial statement.
    All of these benefits vary a little depending on which factor your criteria fits into.
    I would need to know more about your company to assist you further. Please PM or call me (949)394-3737 to discuss this further.

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