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08-20-2019, 08:48 AM #1
- Join Date
- Mar 2019
- Posts
- 97
ABL based on Equipment
Looking for suggestions
ABL based upon Equipment... scenario. Trucking company owns a fleet of trucks free and clear and would like to utilize that for a loan without necessarily having to move their AR/ Factoring facility to said potential lender
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08-20-2019, 09:02 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
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
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08-20-2019, 09:24 AM #3
- Join Date
- Mar 2019
- Posts
- 97
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08-20-2019, 09:34 AM #4
If they are long haul sleeper's than no one will be able to do a cash out refi. However if they are short haul, than we have a shot of getting it done. ISO@everlastingcapital.com
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08-20-2019, 09:38 AM #5
we have done cash out deals on long haul trucks in some cases but they still have to show decent credit, good cash flow and reserves in the bank.
Jim Plummer
Quality Leasing Co., Inc.
A Tom Wood Automotive Company
Office: 317-253-4415
Direct: 317-845-8768
Fax: 317-688-6420
Cell: 317-512-9618
www.qualityleasingco.com
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08-20-2019, 09:45 AM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
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
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08-20-2019, 09:52 AM #7
- Join Date
- Mar 2019
- Posts
- 97
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08-20-2019, 10:16 AM #8
- Join Date
- Aug 2019
- Posts
- 43
JVD6905- we are a direct lender who would be interested in this transaction. We have done a sale and lease back on a fleet of trucks before.
What's the best way to reach out?
My number and email are 847-784-0011 and calfalkenhayn@elgallc.com
Regards,
Cal FalkenhaynCal Falkenhayn | Senior Account Executive
Equipment Leasing Group of America
211 Waukegan Road, Suite 100 |Northfield, IL 60093
O: 847-784-0011 | F: 847-784-0066 | M: 847-922-2729
calfalkenhayn@elgallc.com | www.elgallc.com
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