Looking for 75k
Need a Funder or Vendor? START HERE

Results 1 to 10 of 10
  1. #1

    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?

  2. #2
    Senior Member Reputation points: 6957 ESE5020's Avatar
    Join Date
    Oct 2017
    Posts
    341

    Quote Originally Posted by Igm View Post
    I have a merchant who is looking for 75k in working capital. The projects he’s 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?
    We can look at something like this, Credit wont be a factor, but we will need to see a copy of the contracts for how they get paid and will need to be verifiable.

    I would have a few other questions before giving an offer on this, if you want to give it a shot send to Submissions@EastShoreEquities.com
    East Shore Equities, LLC
    Tel: (516) 784-4298 | Fax: (516) 231-5590
    www.EastShoreEquities.com

  3. #3
    Senior Member Reputation points: 212
    Join Date
    Aug 2017
    Location
    NYC/Miami
    Posts
    112

    This could be a deal for us. sent you a PM.

    Keep in mind we are offering Bonus points this month.

    Eli@appfunding.com
    APP FUNDING
    DIRECT LENDER

  4. #4
    Sponsor Reputation points: 9187 DannyFoxCap's Avatar
    Join Date
    Feb 2019
    Location
    Miami, FL
    Posts
    147

    This is an easy deal for Fox, no minimum credit score.
    Direct: 347-468-7528
    Cell: 305-753-3967
    Fax: 866-557-0455
    Email: Danny@foxbusinessfunding.com

  5. #5
    We fund trucking companies that have 5+ trucks due to SIC code. This definitely fits the box with revenue. Assuming daily ending balances are strong we can give him a strong max offer
    If the merchant wants to payoff with in the first month I can give him a strong early payment discount. LMK
    Jayson@mradvancellc.com

  6. #6
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Mantis funds a 75K or 150K with the same ease as a smaller deal!
    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

  7. #7
    This seems like a good file for us. We can offer a prepayment discount as well. Would love to take a look at it. Please send it over to michaelrod@24capital.com

  8. #8
    We can definitely take a look at this

    please send over details and i will send over an Iso agreement and let you know what we can do
    Ben Terner
    VP of ISO Relations
    Direct: 248-341-9789
    Email: bterner@cooperasset.com
    Web: www.cooperasset.com


  9. #9
    we can take a look at this

    submissions to James@ufsfunding.com


    James Ghoori
    VP Iso relations
    Unique Funding Solutions
    Cell- (917)543-1545
    Work-(516)218-1089
    Fax-347-549-4296
    http://www.ufsfunding.com/

  10. #10



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY