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01-13-2018, 08:06 PM #1
- Join Date
- Nov 2017
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- 153
Merchant willing to use 40k truck that he owns as collateral needs 25k has 3 position
Merchant averages 50k a month in overall deposits, with solid average daily balances.
Has a balance with yellow for 15k
Has a balance with CFG for 16k
Has a balance with ML factors for 6k
Looking for a 25k injection wanting to use truck as collateral, truck and trailer is only worth 40-45k, he has proof of owning it 100%
Let me know if you think you can get this done, please reply.
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01-15-2018, 02:06 PM #2
- Join Date
- Jan 2016
- Posts
- 435
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01-15-2018, 02:52 PM #3
- Join Date
- Feb 2017
- Posts
- 3,473
TIB? Personal Credit? Business credit? Comparable debt? Other equipment that the guy purchased that he could use as well? It doesn't just have to be the one without loans on it.... he can buy out the loans and leaseback the truck and free up some working capital that way.
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01-15-2018, 06:43 PM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Trucking + capital need = Cresthill Capital.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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