Quote Originally Posted by ryan $ View Post
Trucking Deal.
1st Position.
Killed because Merchant doesn't have Active DOT Business License.

On Deck has Previously Funded Merchant.
They will Fund Him again, without requesting new DOT License because they have old one on file.

Im pretty much screwed right? Im going to lose this deal to Ondeck....

Anyone know a lender for trucking that will give me a 10 Month, Weekly Payment, 100k Offer.... and not have the DOT License as a Stip..... (Volume, Credit, Everything Supports this) I had it die because not DOT License.


I mean he is pretty much a screw up....he is illegally operating at this point right? Just need some affirmation, is there hope or is this dead?
Ryan,


Seems like a smaller trucking company that will not get us too excited.

The absolute best thing to do is find out why his DOT lapsed. If it was because of items listed by Jeannette, you should really consider seeing if she can finance the Company so long as the DOT is in place at closing. If they are providing services for large customers you can cool believe they are going to stop payment on all AR once they find out he is not current with his DOT.

KH