Results 1 to 13 of 13
-
11-29-2018, 01:30 PM #1
- Join Date
- Apr 2018
- Posts
- 114
Who can fund this?
Trucking Industry, 2 trucks.
Average deposits $15k
2 loans
Loan 1 $150 daily
Loan 2 $140 daily
Seems doable.
-
11-29-2018, 01:43 PM #2
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
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.I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
-
11-29-2018, 01:45 PM #3
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
-
11-29-2018, 02:19 PM #4
- Join Date
- Apr 2018
- Posts
- 114
Ultimately depends on them.
But how exactly does it work?
-
11-29-2018, 02:26 PM #5
- Join Date
- Apr 2018
- Posts
- 114
And reputable companies to work with.
-
11-29-2018, 02:34 PM #6
whats balances, and use of funds?
Website : https://www.speedybusiness.loan
Location : 1255 Lynnfield Rd Memphis, TN
Phone : 601 803 1513
-
11-29-2018, 02:38 PM #7
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??
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
11-29-2018, 02:42 PM #8
- Join Date
- Dec 2013
- Posts
- 4,713
Trucking is Mantis's first middle and last name (but from our thousands of deals one may want to argue and say construction)
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
-
11-29-2018, 02:46 PM #9
- Join Date
- Apr 2018
- Posts
- 114
2nd position was taking last month $14k
-
11-29-2018, 02:57 PM #10John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
11-29-2018, 03:22 PM #11
- Join Date
- Jan 2014
- Posts
- 1,380
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.
-
11-29-2018, 06:42 PM #12
- Join Date
- Dec 2017
- Posts
- 397
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
-
11-30-2018, 11:19 AM #13
- Join Date
- Nov 2018
- Location
- San Diego, CA
- Posts
- 75
LoanMe if his daily balance avgs. are $2.5k+ (doubtful) if he's in an approved state. But he's definitely over-leveraged.
Similar Threads
-
anyone EVER fund through BCC do they really fund deals ?
By c4get in forum Deal BinReplies: 4Last Post: 06-30-2015, 01:10 PM