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05-28-2019, 02:48 PM #1
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- Join Date
- Feb 2019
- Posts
- 18
Looking for 75k
I have a merchant who is looking for 75k in working capital. The projects he痴 working on pay weekly instead of carrying a 60 to 90 day invoices.
They are paid on scale tickets to move dirt from the sand pit to the job. The contract is set for $7.00 dollars a yrd, based on twenty five yrds. Per truck. They will have 30 trucks working, doing 275k a week.
Gross monthly =1.1m a month
Net monthly. = 250k a month
All trucks are independent contractors.
Contractors are paid weekly after settlements. Looking to pay off the loan in 30-60 days. Merchant has poor credit. Any suggestions?