TruAccess Contractor Mobilization Loans

• $50,000 – $350,000
• Up to 30% of the full contract value
• 4% – 7% fixed rate
• 6 months to 2 years year term
• 3 points at closing
• 600 minimum FICO score
• 1.1x DSCR
• Minimum 2 years business and personal tax returns
• Must have a NYC or NYS contract
• No pre-payment penalty
• Use funds to mobilize or start a new contract

TruFund’s TruAccess Contractor Mobilizations Loans provide access to capital for contractors to fund costs of mobilization, including working capital, materials, supplies, and receivables financing.

• Credit: Must have a 600 FICO credit score Minimum Debt-Service Coverage Ratio: 1.10x
• Collateral Requirement: Business must have minimum revenue of $150,000 in prior year
• Repayment Terms: Monthly P&I payments (may have interest-only period)
• Business Requirements: Business must have been in operation for at least one year
• Operating businesses must also meet one of the following criteria:
  • Located in a low-to-moderate income or underserved community and/or
  • Majority owned by women
  • Majority owned by minority or other disadvantaged group
  • Employs workers from low-to-moderate income communities