Trucking Company Looking for $250K

**NickHubbard** · 01-08-2020, 10:04 AM

Originally Posted by Kevin Henry-Seacoast

Are the factoring?

Hey Kevin,

Yep, they are currently factoring. Says he's at a rate of 1.1%.

**Kevin Henry-Seacoast** · 01-08-2020, 10:33 AM

Originally Posted by NickHubbard

Hey Kevin,

Yep, they are currently factoring. Says he's at a rate of 1.1%.

That's 13.2% if the AR pays in 30 days....which it usually does not. $12Mil revenue company.....we might be able to do better that his current factor. perhaps a better rate and better advance rate is the key.

**NickHubbard** · 01-08-2020, 11:43 AM

Originally Posted by Kevin Henry-Seacoast

That's 13.2% if the AR pays in 30 days....which it usually does not. $12Mil revenue company.....we might be able to do better that his current factor. perhaps a better rate and better advance rate is the key.

Hey Kev, I will mention this to him!

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