Trucking w/ 2 Deposits & Average $12K/mo
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Dec 2013
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    Trucking w/ 2 Deposits & Average $12K/mo

    I have a merchant with the same type of scenario every month:

    2 deposits averaging $12K/mo.
    1 check gets returned once or twice, then it goes through, so he has 2-3 returned check fees per month.
    He only gets paid twice a month for his trucking service.


    Looking for $8-10K.

    Who can fund him?

    PM me.

  2. #2
    Senior Member Reputation points: 50566 ADiamond's Avatar
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    good luck with that one, maybe YSC or mantis will give u 3k @ 60 days or something max
    Anthony Diamond
    Underwriter

  3. #3
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Yeah. I know it's tough.

    Forgot to try Mantis on that one...

    Thanks

  4. #4
    Senior Member Reputation points: 6585
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    Does he own the trucks?

    Mike

  5. #5
    Banned Reputation points: 179851
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    24 Capital just funded a guy for us with 2 Deposits a month.

  6. #6
    Senior Member Reputation points: 5016 @jeannette's Avatar
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    Do them a favor and send them to a dispatch service to help increase their business:
    Paula Howell
    Ameratrans Dispatch Service
    Phone: (352) 701-0070
    Fax: (352) 701-0273
    Web: www.ameratransllc.com

    And there are Factoring companies that specialize in start up trucking companies or companies with low volume. With his cash flow an MCA is going to be tricky.
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

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

  7. #7
    Senior Member Reputation points: 3229
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    I'll fund the deal. Email me
    Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
    D. 516-667-6817
    paul@coolidgecapital.com

  8. #8
    Hello,

    We offer can offer a potential MCA and factoring Hybrid for your client.

    For more information, please contact me.
    Cameron Kargl
    DiversePayments.com
    Direct Office: 310-707-1235
    cam@DiversePayments.com

  9. #9
    If his daily balances are above $100 I can find him $3-5k on a 50 day s\term. I work with a house doing very high risk and micro deals.

    Fred Hardy
    Powerlinefunding.com
    404-458-0261
    fhardy@powerlinfunding.com

  10. #10
    Senior Member Reputation points: 11170
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    Ryan, is 24 capital a direct funder?

    I was told they weren't...


    Quote Originally Posted by ryan $ View Post
    24 Capital just funded a guy for us with 2 Deposits a month.

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