[Wmateo]

I have a trucking company that has been in operations for 1.5 years. They do long hauling. They need 20-25k for long term (12-24 months).

Credit Scores: (480-500): Supposedly due to fraud
Collateral: 2009 Kenworth with 700k miles (Auction vaue around 28k)
Monthly revenue: 20k-25k
Average daily balances: $2,500 - $3,000
NSF's or Overdrafts: None

They are not interested in any short term MCA.

Shoot me an email if you can help.

[michaelh]

You need to understand that equipment on a sale leaseback is valued at the wholesale Liquidation value - so looking at 2009 Kenworth 660 values that is around 19,000. You can usually get 50 percent of the value as a loan.

Any More Questions
PM me

Mike Henry