What is Resource Management
Partners? Resource Management Partners is a value-added
source of asset-based financing for small to mid-sized companies. We provide
growth funding for our clients that allows them to take on new business,
execute their contracts and acquire necessary equipment.
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What is Contractor Financing?
Contractor financing is a program tailored to the special needs of
contractors and sub-contractors with public works contracts. It provides
mobilization and working capital funding necessary for the successful execution
their contracts. Back
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What is Funds Administration
Services? Funds Administration Services is an outsourced
construction escrow and disbursing agent that protects the contractor, their
customer and Resource Management Partners by ensuring that project funds are
properly applied, that all lien releases are properly handled and the project
is under sound financial management.
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What can loan funds be used for?
Loan funds are to be used for contract related expenses only - job
payroll, suppliers, subs, etc. As payments are received from your customer,
those funds are first applied to proportionately pay down the loan and then may
be used for contractor's overhead. Profit remains in the job until it is
complete. Back to
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Are sole proprietors
eligible for funding? No. Your company must be state registered
entity - corporation, LLP or LLC. A sole proprietor needs to incorporate in
order to be eligible.
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Do contracts need to be
construction related? No. We provide funding for contracts that
provide a variety of goods and services. Examples of non-construction contracts
are janitorial, distribution of medical supplies, technical training and
highway mowing.
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Can you work with poor credit
history? Yes. We can work with most issues of
poor credit. We pride ourselves on creatively structuring deals that benefit
you, while protecting us.
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I already have another lender, can
you still help me? Yes. In some cases, we can completely
pay off your other loan and become your sole lender. In other cases, we enter
into an agreement with your existing lender that allows them to rely on their
collateral and us to rely on ours.
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How do I get started?
Completely fill out our application and provide the information requested on
its checklist. Be sure answer all questions and provide all the requested
information. We can work with "bad news" as long as we know what it is. Poor
credit is not necessarily a problem - poor character is.
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