Transportation Co / High-Risk
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  1. #1
    Senior Member Reputation points: 1232
    Join Date
    Jan 2017
    Posts
    116

    Transportation Co / High-Risk

    Industry: Transportation Co.
    # of trucks: 7
    Credit: 500
    Income: 160k/mo +/-, no NSFs, negative days.
    Positions: Has 3, but one paid off in less than 30 days. 29k, 14k. the third less than 10k.
    TIB: 5 years

    Almost a year ago stopped paying an MCA, has since paid them off in full, not settlement, was possibly a judgment at some point but satisfied in full. Has since also obtained 3 positions all of which merchant has paid on time.


    Looking for max offer.


    Suggestions?

  2. #2
    Senior Member Reputation points: 71352
    Join Date
    Mar 2016
    Posts
    908

    Ill take a shot at it. Feel free to give us a shot.

    Thank you,

    Lior Monus
    CFG Merchant Solutions
    Direct: 516-319-5826
    Lmonus@cfgms.com

  3. #3
    Senior Member Reputation points: 5016 @jeannette's Avatar
    Join Date
    Dec 2012
    Location
    Buford, GA
    Posts
    280

    I would say send them to me to see if we could get them set up on an AR Financing Line, but it may be tough to get done with the three positions. We would need to get a first lien position. His negative history is not as important as his debtors payment history. I can look at it and see if it is a fit for us.
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  4. #4
    If they can show they made good on the old MCA, send it along-

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 248-341-9477
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    logo-01smaller.jpg

  5. #5
    Would he be intrested in selling his company?

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