[Sachip24]

merchant does about 90k a month. ending daily balances are 20k everyday no positions. industry is high risk (agriculture) and his credit is shot around 500fico. he needs about 100k. who can advance with 500fico

[Davincinc]

will merchant take 2 50k mca?

[Yankeeman07]

will merchant take 2 50k mca?

So you will stack from the get go?

[BB_Cooper]

90K per month- the 100K is going to be a stretch for most high risk. What type of agriculture?

Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com

[Sachip24]

90K per month- the 100K is going to be a stretch for most high risk. What type of agriculture?

Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com

distributor of produce

[ESE5020]

We can make an offer on this deal but 100k is definitely a stretch on that revenue, if you want to get an offer from us, send it in, we can give you an offer pending credit since we already know its no good.

[mcaguru]

sub 500 FICO is perfect!!

[Sachip24]

sub 500 FICO is perfect!!

ill make you a deal Marcus, ill send you this file if you respond in your other thread that your ghosting

[mcaguru]

ill make you a deal Marcus, ill send you this file if you respond in your other thread that your ghosting

sometimes people put up a post (for responses) and sometimes its a bulletin board message.

[Nunya]

sometimes people put up a post (for responses) and sometimes its a bulletin board message.

And sometimes people are revealed as dishonest cowards.

[AllDayMoney]

If he would be ok with 75K. Reach out

[omegafund]

merchant does about 90k a month. ending daily balances are 20k everyday no positions. industry is high risk (agriculture) and his credit is shot around 500fico. he needs about 100k. who can advance with 500fico

Does he have tractors with value free and clear?

[Kevin Henry-Seacoast]

Be careful financing produce companies. If you don't understand PACA rights you could be in for a ton of pain. If the prospect already has any lines of credit, is factoring, and/or his suppliers have not waived PACA rights.....just walk away.
If PACA rights get triggered nobody is getting paid back.

[Sachip24]

Be careful financing produce companies. If you don't understand PACA rights you could be in for a ton of pain. If the prospect already has any lines of credit, is factoring, and/or his suppliers have not waived PACA rights.....just walk away.
If PACA rights get triggered nobody is getting paid back.

PACA rights are out of my league I am getting his AR now, is that something you may be able to do Kevin?

[Kevin Henry-Seacoast]

PACA rights are out of my league I am getting his AR now, is that something you may be able to do Kevin?

90K/month is kinda small for us. If they are PACA clean and are growing, I would be happy to take a look. Get a copy of AR and AP Detailed agings and send it over. That will tell a lot from the get go.