[pdmbls]

CA Trucking company. One full year in business with new company. The previous company shows "FTB Suspended" on CA corp search.
1.3M monthly deposits. Decent balances. 5 deposits monthly.
1st position. Looking for 200k+

[mcaguru]

Mantis's first middle and last name is trucking (many claim its "construction" but either way its a close call)

[Kevin Henry-Seacoast]

CA Trucking company. One full year in business with new company. The previous company shows "FTB Suspended" on CA corp search.
1.3M monthly deposits. Decent balances. 5 deposits monthly.
1st position. Looking for 200k+

PDMBLS-If the Company is billing $1.3mil/month they likely have well over $1.5Mil in receivables outstanding. That being said, they should factor their AR as they would get far more liquidity for the business. If they are factoring already and still need capital perhaps their current factor is way too expensive or not giving a good advance rate on AR.

KH

[@jeannette]

With only 5 deposits a month it sounds like they are currently factoring. They may want to get a competitive quote on the Advance Rate and Factoring Fees. If you would like to send me the information to take a look at I would be happy to. We are owned by an equipment finance company and use equity in the equipment to get them cash out during a refinance.