Results 1 to 10 of 10
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01-21-2019, 03:42 PM #1
- Join Date
- Dec 2017
- Posts
- 277
Trucking Company Averaging $600,000 per Month Seeking $150,000
November
72 deposits.
Average ledger $15k.
5 negative days.
13 ODs.
27 NSF.
December
49 deposits.
Average ledger $19k.
4 negative days.
6 ODs.
14 NSF.
MTD
$277k in deposits as of 1/18.
Current advance balance is $114k.
Credit score is 550.
No real estate.
Collateral:
4 trucks valued at $18k each ($72k).
19 trailers valued at $10k each ($190k).
State of Florida.
13 years in business.
Home based.
The merchant would like to keep payments under $12,000 per month.
How can I get this done?
Thank you in advance,
Michael Sla*****er
msla*****er@sla*****er.comLast edited by Michael Slabitcher; 01-22-2019 at 10:49 AM.
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01-21-2019, 04:08 PM #2
- Join Date
- Jun 2014
- Posts
- 541
4 Trucks doing $600k a month?
Besides their 4 trucks, are they also doing freight forwarding or do they have other owner operators running under their authority?
Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
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01-21-2019, 04:08 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
I know we are from the KINGS at funding Trucking-Transportation (and construction) ? ! but don't know this specific case...
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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01-21-2019, 04:09 PM #4
- 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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01-21-2019, 04:25 PM #5
- Join Date
- Mar 2016
- Posts
- 904
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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01-21-2019, 05:23 PM #6
- Join Date
- Aug 2014
- Posts
- 620
Mike send this one over seems like an easy deal to do. The only issue I foresee here is the low mtd rev, so send that along with the sub if you decide to give me a shot at it.
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01-21-2019, 11:27 PM #7
- Join Date
- Dec 2017
- Posts
- 277
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01-21-2019, 11:44 PM #8
- Join Date
- Dec 2017
- Posts
- 277
Anthony,
The MTD revenue is around $277k. The $80k is the money he had sitting in his bank account on the 18th of this month. I am sure you can provide him with the funds. The hurdle here is the $12K per month payment. That's why I listed the collateral. He needs terms going as far as 18 months for that type of payment assuming a 1.5 factor.
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01-22-2019, 11:50 AM #9
- Join Date
- Jan 2017
- Location
- New York, NY
- Posts
- 59
Michael, I just emailed you. I have some solutions that is a mix of an advance along with some lines of credit and term loans
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01-24-2019, 09:45 PM #10
- Join Date
- Dec 2017
- Posts
- 277
The merchant needs the money asap. We are now seeking a 6 month term minimum.
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