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05-19-2017, 02:24 PM #1Member
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Who would fund this
300-350k past 4 months looking for 350k
trucking
16 trucks
no positions
strong ending balances
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05-19-2017, 02:26 PM #2Senior Member
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NOBODY is giving more than the average month to a trucker. What is the credit? TIB? Payback months?
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05-19-2017, 02:28 PM #3Member
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.......
Last edited by Kevvuitton; 05-19-2017 at 02:59 PM.
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05-19-2017, 02:30 PM #4Member
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680 and hasn't had a position yet.
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05-19-2017, 03:09 PM #5Senior Member
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Why not get invoice factoring for the trucker? A factoring company will advance up to 95% of his invoices and only charge 2% max for 30 days.
Just a humble thought.
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05-19-2017, 04:14 PM #6Senior Member
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Cresthill Capital LOVES trucking/transportation.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-22-2017, 03:31 PM #7Senior Member
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Sounds more like a "logistics" company. Does merchant have strong financials? Bc for $350k advance funder would have to go out 8+ months.
Originally Posted by Kevvuitton
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05-23-2017, 06:20 PM #8Member
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His fico is sub 600 and he's home based :/
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05-24-2017, 07:50 AM #9Senior Member
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Originally Posted by Kevvuitton
Ted Fundy's suggestion is spot on: there are firms that will go up to 97% of the AR in that industry- alleging that the AR isn't already encumbered.
There are obviously several folks here that can help. Construction and Trucking are tough for main stream 'funders' but there are numerous ways to get this one done
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