[Michael Slabitcher]

Industry: Trucking
Power Units: 3
TIB: > 2 years.
Owners’ Credit Scores: 720+ (2)
No positions.
Location: FL

Please see the breakdown of the bank statements below.

July
71k
end bal 609
3 nsf (2 days)
2 neg days
1811 aver led

Aug
88k
end bal 1,495
16 nsf (4 days)
3 neg days
1641 aver led

September
83k
end bal 4k
8 nsf (4 days)
aver led $1,857
4 neg days


The merchant is seeking:

- $30,000 for cashflow purposes (1st position).
- Weekly payments.
- Factor rate lower than 1.3.
- Early payment discount.

Hurdle: Large numbers of NSFs.

What funder/lender would be a good fit for this file?

Thank you in advance,
Mike
msla*****er@sla*****er.com

[mcaguru]

All else fails is something we Fund !

[Michael Slabitcher]

Is there a funder that will look at the number of days when the NSFs occurred instead of the total number of NSFs?

[abfunders]

Rapid does that

[Kevin Henry-Seacoast]

Michael,

Be careful with FL trucking companies. There was a recent large CH11. There were several other filed in the state this month.

KH

[Michael Slabitcher]

Rapid does that

Hi Micah,

They look at both. Please see their underwriting guideline below.

NSFs: Maximum of 3 days with an NSF and no more than total of 6 NSFs in a statement period.

[mcaguru]

Michael,

Be careful with FL trucking companies. There was a recent large CH11. There were several other filed in the state this month.

KH

Can you define large ?

[Kevin Henry-Seacoast]

Can you define large ?

Including all divisions about 425 trucks.

[BillionzandBillionz]

Can you define large ?

good point, big to you is a whole different thing than what they consider big...

[Kevin Henry-Seacoast]

Can you define large ?

Marcus-Sent you a copy of the article. They filed on 9/27.

[BB_Cooper]

Cooper focuses on number of days w/ returned items, as opposed to simply the total NSF's. Is this Local trucking or OTR?

Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com