Results 1 to 9 of 9
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02-06-2018, 03:42 PM #1
Trucking Deal Negs
I am ready for the barrage that's going to come when I break this deal down, need 45K for another truck he is purchasing, already has 22 in his fleet.
500k per month average revenue
average 7 negative days 11 nsfs
WHO WANTS IT?Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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02-06-2018, 03:48 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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02-06-2018, 04:53 PM #3
For a merchant in that kind of situation I would do a 45K lease for the truck and worry about an MCA when the banks clean up. There are plenty of truck leasing shops that look past banks like that. You can always do a sale leaseback on one of the 22 he already has as well if they aren't leased.
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02-06-2018, 05:04 PM #4
Advance, we tried going the lease route everyone was declining for neg days and the ones who said yes charge insane rates
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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02-06-2018, 07:26 PM #5
- Join Date
- Jan 2018
- Posts
- 353
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02-07-2018, 09:09 AM #6
I hear that it sounds about right. The rates will definitely be higher for that kind of profile but the question to the merchant is can he make money from the transaction with those rates. Sometimes it makes sense. The other option is a sale leaseback on some of the trucks. If he puts up say 4 trucks or a number that is attractive to the funder he could score some decent rates that way. Just over collateralize the deal.
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02-07-2018, 01:49 PM #7
An effective 2.0 in 30 months after fees doesnt make sense for the guy
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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02-09-2018, 04:50 PM #8
- Join Date
- Jan 2018
- Posts
- 12
Not a problem to us!
Send it to Ace. Shoot me an e-mail
admin@acefundingllc.com
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02-14-2018, 05:03 PM #9
- Join Date
- Jan 2018
- Posts
- 11
If your client wants to look at an equipment loan reach out to me.
Jason Downey
Fund Manager
Great Oak Funding
312 Walnut St.
Suite 1600
Cincinnati, OH. 45202
PH: 513-762-7690
Email: jdowney@greatoakfunding.com
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