[MovingMoney]

The owners of this trucking business have 2 companies,
company 1 does 750k monthly revenue, 2 positions on lowered payments, plenty of leverage but the lowered is creating a issue

Company 2 different entity does between 240k to 300k monthly rev, no positions, clean company, need working capital,

The issue is company 1 keeps coming up on the lowered in data merch.

Any ideas?

[FLORIDAMAN]

make him resume normal payments?

[Olderguy]

Use a loan product that isn't affected by that.
And can do each company separately

Real Estate cash out
Cash out equipment -
Personal Loan
Asset based loan
Institutional money
Famiy office money.
Etc.

[FunderFunding]

It will always come up. If I shake your hand with my right but punch you with my left, is it not still me doing it?

[Olderguy]

What's the sound of one hand clapping.

[Ehenek]

Yes I can help with a cross corp.

[Hedley Lamarr]

The owners of this trucking business have 2 companies,
company 1 does 750k monthly revenue, 2 positions on lowered payments, plenty of leverage but the lowered is creating a issue

Company 2 different entity does between 240k to 300k monthly rev, no positions, clean company, need working capital,

The issue is company 1 keeps coming up on the lowered in data merch.

Any ideas?

Triumph

[Olderguy]

Has 20 trucks free and clear....can do cash out refi....get money in a week. Has several hundred in MCA debt. Factoring will take a month

[Hedley Lamarr]

Has 20 trucks free and clear....can do cash out refi....get money in a week. Has several hundred in MCA debt. Factoring will take a month

Triumph is pretty quick skippy. They are one of the best in the business.

[Olderguy]

Triumph is pretty quick skippy. They are one of the best in the business.

No reason not to do both. Cash out seemed the easier and quickest.

[Hedley Lamarr]

No reason not to do both. Cash out seemed the easier and quickest.

Needs working capital....need stated. Why straddle the company with unnecessary term debt on long term assets when they can finance the invoices with a quick and cost effective partner.

[Olderguy]

Needs working capital....need stated. Why straddle the company with unnecessary term debt on long term assets when they can finance the invoices with a quick and cost effective partner.

Looking at both....and good point.

And for those that are interested in Triumph for trucking:

Nicole Matney​​​​
Sr. Transportation Factoring Sales Consultant
​651 Canyon Drive | Suite 105 | Coppell, Texas 75019
(214) 705-2892 (Fax)
| (469) 312-7195 (Office)
| (214) 300-5799 (Mobile)
www.invoicefactoring.com

[ridextreme]

Yes I can help with a cross corp.

You can help with a cross corporate guarantee??? Do you understand that's the issue here?

[Olderguy]

You can help with a cross corporate guarantee??? Do you understand that's the issue here?

One company has reduced payments on MCA. Shows up both companies. DataMerch