[dailyfunderppt]

Trucking Industry, 2 trucks.
Average deposits $15k
2 loans
Loan 1 $150 daily
Loan 2 $140 daily

Seems doable.

[skideeppow]

40% of his gross rev is going to service his MCA debt. Margins in trucking are super low.

Dont know how you plan on getting him more cash without killing his business.

[Davincinc]

Trucking Industry, 2 trucks.
Average deposits $15k
2 loans
Loan 1 $150 daily
Loan 2 $140 daily

Seems doable.

would they collateralize a truck?

[dailyfunderppt]

Ultimately depends on them.
But how exactly does it work?

[dailyfunderppt]

And reputable companies to work with.

[Michael Thomas]

whats balances, and use of funds?

[J.Celifarco]

the 2 loans they have are taking 38% of their monthly gross if they are doing 15k per month. There is no chance they can afford an additional position. What are the balances can you pay them off, or maybe a small reverse consolidation??

[dailyfunderppt]

2nd position was taking last month $14k

[J.Celifarco]

2nd position was taking last month $14k

sounds like a long shot to me but who knows what some companies are willing to do. I just know at 38% gross holdback this seems maxed out

[mcaguru]

Trucking is Mantis's first middle and last name (but from our thousands of deals one may want to argue and say construction)

[Sachip24]

loanMe could be option if its in one of their states. They way they do their underwriting lower deposit merchants can still get high loan amounts since its monthly payment, depending on their month end balances.

[Don Dolla]

he might have two first names like billy joe or jamie ray, but it's still just 1 truck running, he really shouldn't have more than 1 advance... never will get 3

[FroFunds]

LoanMe if his daily balance avgs. are $2.5k+ (doubtful) if he's in an approved state. But he's definitely over-leveraged.