Transportation 500K

**GGW-HenryFunds** · 08-23-2019, 10:01 AM

Good day everyone,
I have a client who needs 500K, looking for 3-5 yr term with monthly pmts.

1st position
Type of biz: Transportation
Time in biz: 35 Yrs
Annual Revenue: 11.5MM
CS: 700

If you're interested please DM me.

GGW-HenryFunds

**mcaguru** · 08-23-2019, 11:03 AM

That guy has more options then a king has butlers. --for those in transportation that dont Mantis is a good option as we fund them within hours of the submission with paperwork back.

**Yankeeman07** · 08-23-2019, 11:12 AM

Originally Posted by GGW-HenryFunds

Good day everyone,
I have a client who needs 500K, looking for 3-5 yr term with monthly pmts.

1st position
Type of biz: Transportation
Time in biz: 35 Yrs
Annual Revenue: 11.5MM
CS: 700

If you're interested please DM me.

GGW-HenryFunds

Call me

**Kevin Henry-Seacoast** · 08-23-2019, 11:33 AM

Speaking of transportation..... I got my monthly list of bankruptcy filings yesterday. The list keeps getting bigger and bigger. There are some large announcements like Barney's, but the smaller company list is deep. There were a lot of retailers. I saw a staffing company that was a habitual stacker. The largest industry by far was trucking/transportation. I did some digging last night into the filings of some of these companies. The common theme: Small company, factoring or bank line, and stacked advances.

**mcaguru** · 08-23-2019, 01:43 PM

Seems like from that Stat banks will pull back and will increase the pool for alternative funders (is my take -- no pun intended) The list of new companies filing for business is ALSO increasing by Double Digits!! (similar to Mantis commissions)

**Cal Fal Equipment Finance** · 08-23-2019, 01:49 PM

GGW-HenryFunds,
We do transportation financing, this transaction seems right up our alley.
Please give me a call @ 847-784-0011.

Regards,
Cal

**Kevin Henry-Seacoast** · 08-23-2019, 01:49 PM

Where did you find the stat of new business filings increasing? It would be interesting to see what industries are filing for new businesses and how much revenue is being made in those businesses. A lot of businesses are registered every year that produce zero income.

My bankruptcy stats come from a very reputable source where I pay a subscription for the service. I spoke with three reputable bankruptcy attorneys in Florida this morning. They are noticing the same trend regarding bankruptcies.

**mcaguru** · 08-23-2019, 02:01 PM

Ifound more but for starters here is Tennessee --I don't think they are different then other states --give or take a few %'s

https://www.wvlt.tv/content/news/Ten...509739771.html

**WestCoastFunding** · 08-23-2019, 02:03 PM

Originally Posted by mcaguru

Ifound more but for starters here is Tennessee --I don't think they are different then other states --give or take a few %'s

https://www.wvlt.tv/content/news/Ten...509739771.html

This guy is going off of Tennessee’s data from the 1st quarter. Whatever.

**mcaguru** · 08-23-2019, 02:05 PM

https://www.autoremarketing.com/bhph...able-jump-july

this goes over the stats on BK's

**Kevin Henry-Seacoast** · 08-23-2019, 02:21 PM

Originally Posted by mcaguru

Ifound more but for starters here is Tennessee --I don't think they are different then other states --give or take a few %'s

https://www.wvlt.tv/content/news/Ten...509739771.html

Again...just because somebody files registration for a new business, does not mean it creates revenue. Hell, I have certain LLCs set up to hold assets that do not create any revenue.

**Kevin Henry-Seacoast** · 08-23-2019, 02:25 PM

Originally Posted by mcaguru

https://www.autoremarketing.com/bhph...able-jump-july

this goes over the stats on BK's

Talking to some BK attorneys.... They are seeing more and more ABC cases rather than court filings. It is a much quicker and cost effective process. The amount of ABC cases is rising at a rate faster than BK.

Another note.... I have seen at least 10 out of formula ABL deals this week. The businesses had ABL lines with banks with aggressive advance rates on inventory/M&E. The businesses declined and tripped covenants. They were all financed out of traditional ABL formula. When they trip covenants.....it's Hotel California.

**Kevin Henry-Seacoast** · 08-23-2019, 02:26 PM

Originally Posted by WestCoastFunding

This guy is going off of Tennessee’s data from the 1st quarter. Whatever.

The only good thing that came out of that state was Jack Daniels.

**mcaguru** · 08-23-2019, 03:26 PM

Lets just start with FEDEX!

**Quickfunder** · 08-25-2019, 06:40 PM

Out of curiosity, how does looking at BK's or new business filings help you guys in the MCA world? I used to call new businesses constantly and found it was a waste of time for the very reason one of you mentioned above: it doesn't mean they have revenue. As for BK's ... does anyone really want to bother with insolvent companies and they headache of funding them?

I don't mean to sound disrespectful; just curious how this plays into funding deals.

**Kevin Henry-Seacoast** · 08-26-2019, 08:10 AM

Originally Posted by Quickfunder

Out of curiosity, how does looking at BK's or new business filings help you guys in the MCA world? I used to call new businesses constantly and found it was a waste of time for the very reason one of you mentioned above: it doesn't mean they have revenue. As for BK's ... does anyone really want to bother with insolvent companies and they headache of funding them?

I don't mean to sound disrespectful; just curious how this plays into funding deals.

Quickfunder,

We are not an advance company. We are asset based lenders and factors.
-New business filing data-It's not good information unless you can determine what if any revenue is being generated by the new entities. Again, a lot of non-revenue entities are started every day for a variety of reasons.
-BK- Monitoring them is important information as a lender, factor, funder, or equity inventory as it can be a good indicator of what is going on in certain industries. Digging into the filings is helpful as you can determine how some companies found themselves in CH11. As a factor, we provide DIP financing for companies in CH11.

Lot's of useful information....

**LendingShogun** · 08-26-2019, 12:34 PM

GGW-HenryFunds,

Good morning Just noticed your post and wanted to help you with this funding if you are still looking for a funding program.
I have a program that allows us to amortize the loan over ten years with a multiply payment. We are private equity and are able to provide the capital with the structure your client needs. Give me a call look forward to working with you in the future. Have a wonderful day.

SHELDON BROWN
COO, ATS FINANCIAL

P 888-623-6336 ext 8
C 954-918-7144
E sbrown@atsinvestmentsgroup.com
W www.atsfinancialsolution.com

IMPORTANT: The contents of this email and any attachments are confidential. They are intended for the named recipient(s) only. If you have received this email by mistake, please notify the sender immediately and do not disclose the contents to anyone or make copies thereof.

Hard Money, Commercial & Business Loans

**Kevin Henry-Seacoast** · 08-26-2019, 12:40 PM

Originally Posted by LendingShogun

GGW-HenryFunds,

Good morning Just noticed your post and wanted to help you with this funding if you are still looking for a funding program.
I have a program that allows us to amortize the loan over ten years with a multiply payment. We are private equity and are able to provide the capital with the structure your client needs. Give me a call look forward to working with you in the future. Have a wonderful day.

SHELDON BROWN
COO, ATS FINANCIAL

P 888-623-6336 ext 8
C 954-918-7144
E sbrown@atsinvestmentsgroup.com
W www.atsfinancialsolution.com

IMPORTANT: The contents of this email and any attachments are confidential. They are intended for the named recipient(s) only. If you have received this email by mistake, please notify the sender immediately and do not disclose the contents to anyone or make copies thereof.

Hard Money, Commercial & Business Loans

Your website says you have a "network" of lenders. Private Equity does not provide loans.

**WestCoastFunding** · 08-26-2019, 01:02 PM

Originally Posted by LendingShogun

GGW-HenryFunds,

Good morning Just noticed your post and wanted to help you with this funding if you are still looking for a funding program.
I have a program that allows us to amortize the loan over ten years with a multiply payment. We are private equity and are able to provide the capital with the structure your client needs. Give me a call look forward to working with you in the future. Have a wonderful day.

SHELDON BROWN
COO, ATS FINANCIAL

P 888-623-6336 ext 8
C 954-918-7144
E sbrown@atsinvestmentsgroup.com
W www.atsfinancialsolution.com

IMPORTANT: The contents of this email and any attachments are confidential. They are intended for the named recipient(s) only. If you have received this email by mistake, please notify the sender immediately and do not disclose the contents to anyone or make copies thereof.

Hard Money, Commercial & Business Loans

Are you licensed to lend?

We already know the answer.

**Kevin Henry-Seacoast** · 08-26-2019, 01:05 PM

Why is ATS Investments inactive in the Florida state registry and why is ATS Financial not registered at all?

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