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07-11-2017, 01:53 PM #1
- Join Date
- Jun 2016
- Location
- Brooklyn
- Posts
- 54
25 year old trucking company needs consolidation offer
My merchant currently has 3 advances, 220K with Knight in a first, about 20k with another and another 110k in a third. He is in trucking. owns and operates 45+ plus trucks and has sales of 1.4 a month on average. Balances look off only because main account is a sweep account but has never missed a payment oi n any cash advance in last 3 years working with him. Has paid off 600K Strategic loan, BFS, and Can. Looking for 500K, willing to pay off one or two of smaller balances on his own. Credit is mid 600. Direct funders only please, no brokers.
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07-11-2017, 02:00 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Factor that! We don't chase after trucking, but would be happy to take a look. Kevin.Henry@SeacoastBF.com
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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07-11-2017, 02:17 PM #3
- Join Date
- Mar 2016
- Posts
- 335
We will do it too. PM sent
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07-12-2017, 02:12 PM #4
Does he have equipment he could use as collateral?
Jim Plummer
Quality Leasing Co., Inc.
A Tom Wood Automotive Company
Office: 317-253-4415
Direct: 317-845-8768
Fax: 317-688-6420
Cell: 317-512-9618
www.qualityleasingco.com
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07-12-2017, 03:46 PM #5
how much is his total balance right now? and is he looking for 500k net or 500k consolidating the current advances?
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07-13-2017, 08:41 PM #6
- Join Date
- Jan 2015
- Posts
- 70
I can pull cash out of the truck, trailers and other equipment he owns. Our rates are lower than MCA's plus our payments are monthly
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07-26-2017, 01:44 PM #7
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Do you still need help with this? My investor may be able to work this out.. let me know. If they like this, it will be the easy.
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07-29-2017, 07:37 PM #8
- Join Date
- Jul 2017
- Posts
- 49
Call Lorraine at 765.517.0975.
Lorraine McNair - COO
MoveAhead Financial
2114 E Blvd
Kokomo, IN 46952
lorraine@moveaheadfin.com
www.moveaheadfin.com
765.517.0975
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