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12-16-2019, 06:17 PM #1
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Possible New High Risk Observations??
Hey guys,
Maybe I'm being paranoid here, but have any of you noticed an uptick in trucking defaults in Illinois where the owners all appear to have Russian last names?
Thanks in advance!
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12-16-2019, 06:19 PM #2
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Just got a default from Lev Parnas and Igor Fruman Trucking LLC.
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12-16-2019, 09:36 PM #3
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12-17-2019, 05:44 AM #4
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There are a lot of companies in the industry nationally that recently filed ch11.
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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12-17-2019, 12:04 PM #5
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Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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12-17-2019, 12:31 PM #6
Because the "roaring economy"mantra is total bull****. Margins are getting squeezed everywhere and trucking is getting getting decimated. The bigger box stores are starting to use their own trucking to cut costs, and fuel prices don't help. Vendors are demanding lower and lower rates for truckers, who either have to work until they collapse, or just go belly up. Don't forget the China trade tariffs hurting pricing as well
https://www.businessinsider.com/why-...ob-loss-2019-7 Why the $800 Billion trucking industry is in a 'bloodbath'
https://www.ttnews.com/articles/truc...er-growth-2019 Trucking Industry Expected to See Slower Growth in 2019
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12-17-2019, 01:15 PM #7
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Stock-market broke another record today.
Marcus Clapman | Business Development | Cresthill Capital
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Tel: 917-521-6528 | Fax: 212.671.1473
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12-17-2019, 01:42 PM #8
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Chambo knows! Marcus, corporate bankruptcies are increasing month over month along with larger exposure to unsecured and secured debt. Agent for the Benefit of the Creditor cases are also on the rise as smaller companies do not want to pay the cost of the CH11 process and ABCs are much faster.
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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12-17-2019, 01:55 PM #9
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https://www.uscourts.gov/news/2019/0...ntinue-decline NEXTTTTTTTTTTTTTTTTT!
Marcus Clapman | Business Development | Cresthill Capital
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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12-17-2019, 01:59 PM #10
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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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12-17-2019, 02:02 PM #11
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12-17-2019, 02:04 PM #12
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so don't fund trucking.
Marcus Clapman | Business Development | Cresthill Capital
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http://www.cresthillcapital.com
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12-17-2019, 02:06 PM #13
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12-17-2019, 02:06 PM #14
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12-17-2019, 02:07 PM #15
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12-17-2019, 02:13 PM #16
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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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12-17-2019, 02:17 PM #17
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Are the competitors really making funding decisions based on a forum post? -- Outside of 3 restricted industries each deal is examined on its own merits...
Marcus Clapman | Business Development | Cresthill Capital
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12-17-2019, 02:19 PM #18
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Does the trucking issue have anything to do with the China tariffs? Meaning, if the orange man in the White House would stop bullying 16 year olds (and complaining when an opponent does it) on social media and get himself out of the pit he dug himself into, would it make a big difference in the trucking industry?
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12-17-2019, 02:23 PM #19
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https://www.realclearpolitics.com/epolls/latest_polls/
Look at today's USA/Suffolk POLL ---KEEP IN MIND THESE POLLS WERE TAKEN DURING HIS IMPEACHMENT HEARING LAST WEEK! TRUMP AHEAD ...which hole ?.. i saw this news and skipped breakfast and my coffee!Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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12-17-2019, 02:24 PM #20
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Deals are reviewed on their own merits, but some have a habit mirroring what some firms do or not do within an industry.
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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