[TedFundy]

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

[mbernier]

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?

[SBF]

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.

[mcaguru]

Cresthill can look at file and come back very fast with options.

[Anthony@torro]

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.

[Fund_It]

why not set him up with an equipment lease 1-5 yr terms with monthly payments