Small Balance, Short Term Purchase Order Financing, Handled!

We closed a loan last week for a Wisconsin contractor that needed to purchase product for a local job. Trouble was, the distributor gets the parts they needed from an overseas manufacturer, and wouldn't stick out their necks for 15K. He had to pay them upfront. Of course the contractor's customer wouldn't pay for the job till it was done. These days its hard to come up with any kind of cash, let alone 15K to purchase parts that wouldn't be paid for till 30-60 days later.

But the contractor's AR was in good shape, with very good customers, and we had no problem getting a private investor to cut a check that they could take to the bank. The private investor couldn't have been more happy with the rate their were gong to earn over the next 60 days, and contractor got to order the parts he needed. It was probably the quickest, slickest deal we ever closed,(3 days start to finish).

For what its worth, I did do some research to see if there was an institution out there that did small balance commercial funding like this -to no avail. If anyone reading this knows of one, I'd sure like to know about it. In the meantime if you or a client of yours is in the same kind of quandary, give us a jingle; we may be able to help! And if you are an investor who would like to benefit from double-digit returns over short periods of time, let me know!