50% owner has 2 balances wants to pay one off
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  1. #1
    Banned Reputation points: 13
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    50% owner has 2 balances wants to pay one off

    Trucking company depositing 300k monthly. Owes credibly 60K and Lendini 50K. Wants to pay one of them off. Credit 730. He's a 50% owner, second owner is Mexican and does not have a SS number.

  2. #2
    Senior Member Reputation points: 226125
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    And Kevin will come on here recommending factoring. We can assume this client is already factoring?

  3. #3
    Senior Member Reputation points: 338265
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    Quote Originally Posted by abfunders View Post
    And Kevin will come on here recommending factoring. We can assume this client is already factoring?
    Micah,

    One should never assume.

    1-I have little to know interest chasing $300K/month trucking deals.
    2-There are many companies out there that have out-grown the owner's ability to self fund or their bank's line of credit. 7 deals on my desk right now with revenues ranging from $6Mil to $30Mil. 3 of them have been self funded seeking their first facility. 4 have outgrown their bank lines and the banks are not willing to increase.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  4. #4
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    Kevin can recommend whatever he likes. I'm looking for an MCA product. Thank you!

  5. #5
    Senior Member Reputation points: 338265
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    Quote Originally Posted by PopCash View Post
    Kevin can recommend whatever he likes. I'm looking for an MCA product. Thank you!
    PopCash-Good luck with your process.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  6. #6
    Banned Reputation points: 13
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    Nov 2018
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    Thanks Kevin!

  7. #7
    Banned Reputation points: 10
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    Mar 2019
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    Henderson , NV
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    9

    not a problem call me i can get it done 702 748 2312 jefferon

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