Federal Contract: $1,537,080 - Need Peer-to-Peer Lender

[Late4Sky]

I have a contract with the federal government that begins with their new fiscal year October 2017.
The contract is for 12 months and totals: $1,537,080. Profit is 18%.
I'm seeking a loan from a peer-to-peer lender for up to $25,000.
I will not qualify through a bank or nonbank lender using credit score or bank statements.
I had Melanoma and everything just kind of got put on hold. So my FICO dropped over 200 points and revenue has been little to nothing.
I'm hoping the contract can be used as quasi collateral somehow. And, the fact that I paid my bills before becoming ill.
I have 2 other smaller deals that will close soon, maybe a few grand a month each, but I need the loan to be sure I can bridge the gap until October.
My sales cycles are long, so it has taken some time to rebuild my pipeline.
I do not prefer general factoring because my audience is small and tight-knit and I believe I would be at risk of tarnishing my reputation.
Thank you.

[Jon Meyer]

I might be able to help you, I have a few questions, for you. Please contact me at my email address is jmeyer@lendficorp.com & my phone # is 631-861-3968.

[Late4Sky]

Thanks. Will call you later this AM

[ChuckM]

Why not just factor his A/R?

[Late4Sky]

Because that means a third party will contact and bill my customer and that risks tarnishing the image of my company. Just because I need help it doesn't make sense to advertise it to my customers. After being in business 13 years and building relationships it would not be wise to risk it.

[kevinhenry0527]

Because that means a third party will contact and bill my customer and that risks tarnishing the image of my company. Just because I need help it doesn't make sense to advertise it to my customers. After being in business 13 years and building relationships it would not be wise to risk it.

Late4Sky-It depends on the factor. We are a factor that is owned by a bank. We do NOT handle your collections. Collections would still be your responsibility. We will send notifications to customers and require payments be made to a lock box. We take a softer approach when dealing with customers. We are also an FDIC insured institution.
We have financed billions in receivables over the years with companies large and small. The end customer in most cases either does not realize it or they find comfort that their vendor has a financial partner. Happy to discuss..... Kevin.Henry@SeacoastBF.com

PS-You would be shocked if you knowing the large contractors that factor.....

[Ed2397]

Might be a little late. But this company helped me. They have over 75 lenders that bid for your loan. And they accept all types of credit. They really have a deep portfolio of products. Here is their quick application. Hope this helps. NBC- https://bit.ly/2qOplkd -Ed

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