Results 1 to 7 of 7
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10-12-2018, 11:18 AM #1
- 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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10-12-2018, 11:20 AM #2
- Join Date
- Mar 2016
- Posts
- 908
I can do this no problem as long as all the MCA payments are clearing. Send it over.
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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10-12-2018, 11:52 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
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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10-12-2018, 12:27 PM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Mantis...will take a look ....Actually i've been told by many ISO's that when it comes to NSF's and merchants MANTIS IS THE KING!!!
Last edited by mcaguru; 10-15-2018 at 12:00 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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10-15-2018, 10:47 AM #5
- Join Date
- Apr 2018
- Posts
- 21
Due to the fact that they never missed an mca payment, we might be able to get this one done. Send me an email if you壇 like me to help.
Nicole Cruz
ISO Manager
Yellowstone Capital
Ncruz@yellowstonecapllc.com
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10-17-2018, 07:46 PM #6
- Join Date
- Nov 2013
- Posts
- 598
You're options are as follows:
1. Leaseback if they own assets (trucks, trailers with equity etc). Likely best play if they are doing 1mm+ annual, commissions can be close to MCA payouts with the right lender.
2. A/R Factoring with a transportation specific facility (good residual payouts)
3. If they process CC's (unlikely) do a cc split / lockbox (opportunity to onboard cc processing and mca commission)
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10-18-2018, 09:32 AM #7
- Join Date
- Jun 2014
- Posts
- 541
Did you get this funded? Local trucking and overdrafts is mix Cooper funds everyday-
Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
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