Results 1 to 6 of 6
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07-27-2017, 04:18 PM #1
- Join Date
- Mar 2016
- Posts
- 335
Truck Repair Company
Has on Deck balance 54k / 546 per day
Has Swift balance 60k / 2435 per week
Needs 10 trucks 150k each
Credit is Fair Good
Owns the Commercial RE business operates on but equity is only 200-300k
Would like to cash out Swift and On Deck, net funds to purchase trucks so he can perform on a contract that will net him 500k over 12 months.
June 100k
May 101k
April 75k
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07-27-2017, 04:48 PM #2
- Join Date
- Jun 2017
- Posts
- 119
Does the Client have any other property, equipment, or vehicles that he could use as collateral? Also, how much money does he have to put down?
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07-28-2017, 11:13 AM #3
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Would like to help.. but am struggling with the numbers..
so he needs $1.5M to purchase trucks, also wants OD and Swift paid off (total of $114K) and will only be earning $500K over 12 months. How much will he gross from the contract?
Would be best to finance the trucks with 20% down ($30K each).. which will be $300K down.. You might want to try Maxim Leasing.. they have a truck financing program for "fair" credit with % down.
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07-28-2017, 11:47 AM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill can look at file and come back very fast with options.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-28-2017, 12:54 PM #5
- Join Date
- Aug 2014
- Posts
- 620
Truck Repair Company
I know this isn't what you're looking for, but we should be able to offer a very aggressive 3rd here if the merchant is open to it and al else fails.
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07-28-2017, 02:12 PM #6
- Join Date
- Mar 2015
- Posts
- 90
why not set him up with an equipment lease 1-5 yr terms with monthly payments
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