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10-12-2018, 11:18 AM #1
Reputation points: 30
- Join Date
- Nov 2014
- Location
- Fort Lauderdale, FL
- Posts
- 66
100k FOR COMPANY WITH NUMEROUS OVERDRAFTS
This is for a trucking company (LOCAL HAULING) that does 1.7mm in annual sales. Good credit and over 8 years in business. The issue is that they have about 10 overdrafts fees (negative balances) on a monthly basis. They have 2 small MCAs with small balances. Despite the negative balances, they have never missed a payment on their daily ACH due to the overdraft protection.
Let me know if you can help.William R. Mateo
Mateo Capital Group
Tel: (954)802-2833|Fax: (888)860-1508
http://www.mateocapitalgroup.com
Supporting Common Sense Financing!
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