Trucking doing 2 million a year - just changed banks
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  1. #1
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    Trucking doing 2 million a year - just changed banks

    Have a trucking file doing 2.3 million a year (we have tax return). Ledgers are good, and doing about 150K average per month. Issue is they just changes bank accounts. So we have 2 months with old bank and one month with a MTD for April. Not a default on a lender as had no advances.(We had merchant before the switch and an offer from A lender), so credit is decent. Merchant looking for 40K.

  2. #2
    Senior Member Reputation points: 5110 LJH365's Avatar
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    Do you have you have the merchant's credit?

  3. #3
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    Is the client leveraging AR, or is it unencumbered?

    Seems like something very easily done if there aren't any other positions, with a guarantor that has decent credit

  4. #4
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    gimme a shot irving@ufsfunding.com

    unique funding solutions were efficient and straightforward
    Irving Winograd
    Unique Funding Solutions
    646-460-3139

  5. #5
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    Quote Originally Posted by jjdcnetrex2 View Post
    Have a trucking file doing 2.3 million a year (we have tax return). Ledgers are good, and doing about 150K average per month. Issue is they just changes bank accounts. So we have 2 months with old bank and one month with a MTD for April. Not a default on a lender as had no advances.(We had merchant before the switch and an offer from A lender), so credit is decent. Merchant looking for 40K.
    Idk why you having an issue. As long as you have a closing statments, some payback months you shouldn’t have issue!

  6. #6
    Quote Originally Posted by jjdcnetrex2 View Post
    Have a trucking file doing 2.3 million a year (we have tax return). Ledgers are good, and doing about 150K average per month. Issue is they just changes bank accounts. So we have 2 months with old bank and one month with a MTD for April. Not a default on a lender as had no advances.(We had merchant before the switch and an offer from A lender), so credit is decent. Merchant looking for 40K.
    we can get this funded same day!!


    Marc Zimberg
    Business Funding Specialist
    ISO Relations Develepmont
    Yellowstone Capital LLC
    Direct: (646) 774-3088 (Ext#1337)
    Cell: (201) 855-6343
    Fax: (978) 244-8232
    mzimberg@yellowstonecapllc.com
    www.yellowstonecap.com

  7. #7
    The previous offer was pulled, just because they changed banks, or? Seems like this should have funded yesterday. If you need help, Cooper likes troubled trucking files-

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

  8. #8
    Shoot me an email and we can get this deal funded!

    Eric Orologio
    TVT Capital
    Office: 516-547-8354
    Email: Eorologio@tvtcapital.com

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