$400K FACTORING DEAL WITH THE CITY NEED A $40k ADVANCE

[ubcfunding]

HI I have a client with a contract with a City Organization that will pay my client $44K invoiced for October 31st the whole contract is for $402,000 paid $44K every month. I'm looking for a factor deal of $20K or $30K paid back in 2 payments or for 80% of the $402K as a factor deal.

[JoshKinder]

Other that this contract do they have any other revenue?

[T1Consulting.org]

Other that this contract do they have any other revenue?

Agreed Merchant needs to have another source of revenue besides this singular contract.

[GulfCoastFunding]

I can help with that; but the deal will look like this.

Advance Rate%: 80%
Cash Reserve%: 15%
Factor Rate%: 5%

(i.e. invoice $10,000.00, you submit that to us, we send you a wire/ACH for $8,000.00. Once we get paid from the debtor we will release $1,500.00 to your cash reserve. And we keep $500.00 as our factoring fee.) *Typically we add a 1.5% for every 15 days past 30 business days as a factor rate is concerned. So the longer that the debtor takes to pay us we have to increase our factor rate on that one particular invoice.*

[GulfCoastFunding]

On this particular deal I'd charge around 5%-8.5%; only higher if we have to provide a non notice of assignment which may be the case, depends.