Results 1 to 4 of 4
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06-06-2017, 11:18 AM #1
- Join Date
- Jan 2017
- Posts
- 116
Merchant settled MCA recently / does 90k/month. / Needs 25k MCA
Anyone touch merchants with a MCA settled for less in the past 30 days? (Keeps failing bank verification due to settlement inside month of May--was a 2nd position)
Indusry: Transportation Co | Credit: 550 +/- | TIB: 50 years | Deposits: 90k/month | Positions: Has a 1st position balance of 25k +/-
Needs: 20k-25k -- wants MCA.
Was going to try invoice factoring, but his invoices get paid immediately, prepaid, or only out a week.
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06-06-2017, 11:22 AM #2
Does he have any trucks & trailers owned free n clear?
Might wanna try a sale leaseback/collateral based financing.Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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06-06-2017, 08:15 PM #3
- Join Date
- Jan 2017
- Posts
- 116
Already went down that route... Collateral is Aged... No one doing leaseback/collateral liked school buses/vans.
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06-07-2017, 12:35 AM #4
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
If you still need help with this.. let me know.
Shannon Harris
Funding Advisor/Lease Manager
239-910-4559 Ph
239-790-2664 Fax
SHANNON@STELLARBUSINESSFUNDING.COM
WWW.STELLARBUSINESSFUNDING.COM
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