Results 1 to 20 of 20
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12-13-2018, 11:16 AM #1
- Join Date
- Nov 2014
- Posts
- 97
Buying out Knight Capital and extending term for trucking
Have this trucker that has a $55K balance with Knight , got it 3 months ago . Their daily is close to $500 and they want to lower their payments . Any lender that could Payoff night and get them into a new term which will stretch those payments to drop daily ? The don't need any proceeds if the loan is to tight but the goal is to reduce daily
Any Ideas who can take this?
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12-13-2018, 11:18 AM #2
- Join Date
- Dec 2013
- Posts
- 4,713
if your signed up with Cresthill they have a solution for this situation.
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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12-13-2018, 11:20 AM #3
- Join Date
- Feb 2017
- Posts
- 3,455
What's the monthly revenue and how's the credit?
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12-13-2018, 11:27 AM #4
- Join Date
- Nov 2014
- Posts
- 97
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12-13-2018, 12:00 PM #5Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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12-13-2018, 12:17 PM #6
- Join Date
- Oct 2016
- Posts
- 72
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12-13-2018, 12:26 PM #7
- Join Date
- Oct 2016
- Posts
- 4,318
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12-13-2018, 12:30 PM #8
- Join Date
- Oct 2016
- Posts
- 4,318
Cresthill brokers to Fundworks. They keep 5 points for themselves and let you upsell the rest. You have to tell your rep there to keep everything in-house, because their default position is to broker deals that are more competitive than their offers. I know, kind of annoying isn’t it?
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12-13-2018, 12:38 PM #9
- Join Date
- Jun 2015
- Posts
- 3,325
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12-13-2018, 01:14 PM #10
- Join Date
- Nov 2018
- Location
- San Diego, CA
- Posts
- 75
Quarterspot only needs to net clients 20% on payoffs. That would be your only option for something taken 3 months ago if they took fully-approved amount from Knight other than LoanMe if they are in a LoanMe state. Not sure if Quarterspot does trucking or not. Good luck.
Last edited by FroFunds; 12-13-2018 at 01:26 PM.
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12-13-2018, 01:29 PM #11
- Join Date
- Nov 2014
- Posts
- 97
This has to be the most viable option so far , I do have a relation with QS . will look into it now
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12-13-2018, 01:59 PM #12
- Join Date
- Feb 2018
- Posts
- 7
Best funders/Lenders for Trucking are OnDeck, BFS, Business Backer and QS.
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12-13-2018, 02:29 PM #13
- Join Date
- Dec 2013
- Posts
- 4,713
For subprime Trucking Mantis IS VERY STRONG !
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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12-13-2018, 02:33 PM #14
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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12-13-2018, 02:38 PM #15
- Join Date
- Dec 2013
- Posts
- 4,713
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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12-14-2018, 11:05 AM #16
- Join Date
- Nov 2014
- Posts
- 97
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12-14-2018, 11:16 AM #17
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12-14-2018, 01:50 PM #18
- Join Date
- Jun 2014
- Posts
- 541
Cooper focuses on Trucking. We need a few more details, OTR or local? Send it along-
Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
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12-14-2018, 02:39 PM #19
- Join Date
- Feb 2018
- Posts
- 1,349
trucking isn't doing too hot right now. some folks are turning away from that NICS due to defaults and risk and not wanting to have an oversaturated portfolio of trucking on their balance sheets.
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12-14-2018, 03:11 PM #20
If the client is currently factoring we may be able to buy them out and lower their invoice rate. We also provide an OverAdvance usually offering 6-12 month terms at 2% interest that is paid back with their reserves. Call me 770-362-2307 or email jnearing@commercialfund.com
Jeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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