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01-10-2018, 10:56 AM #1
- Join Date
- Nov 2017
- Posts
- 153
Truck as collateral in need of 30k
Merchant is in the transportation industry, he averages around 60k a month in overall deposits, Average daily balances are solid.
Has 3 positions, with low balances. positions are only offering up to 15k as a refinance, once to get 30k in one deal. Merchant is willing to use Truck he owns as collateral, let me know if you think you can get the deal done.
Email me at frank@fbcfundinggroup.com
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01-10-2018, 11:02 AM #2
Hello Frank,
I am with Transfac, I don't know if they already have a factoring line in place or if they have any outstanding AR. If they do and the balances are low enough we may be able to get him out of the MCA's and help with cash flow. Transfac Capital is owned by Commercial Credit Group (CCG), they are our sister company and through that we do equipment finance and can do cash out financing depending on the age and value of the truck. The minimum transaction size through CCG is 100K, so I don't know if that will be the best fit. If any of this sound like an option, feel free to call me at 770-362-2307 or email me at jnearing@transfaccapital.comJeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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01-10-2018, 05:38 PM #3
- Join Date
- Nov 2017
- Posts
- 153
Thanks, Sent you An email .
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