[NickHubbard]

Hey Guys,


I have a small trucking company that's been in business since 2016. Currently running 65 trucks. Doing between $800K-$1M per month. Credit not so great. Has LOC from Kabbage. Looking for $250K.

Getting declined because he has 2 defaults coming up from 2015.

Anybody willing to give this guy a shot? Or should I just throw the file away!!!!

[mcaguru]

Did mantis decline ? ...I know we fund Trucking all day long in a conveyor belt style !

[Hedley Lamarr]

Are the factoring?

[NickHubbard]

Are the factoring?

Hey Kevin,

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

[Hedley Lamarr]

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.

[Cal Fal Equipment Finance]

Nick,
We could do a sale and leaseback on any of the equipment they own free and clear. Please find my full contact below and give me a call when you have a free moment.

[NickHubbard]

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!

[NickHubbard]

Nick,
We could do a sale and leaseback on any of the equipment they own free and clear. Please find my full contact below and give me a call when you have a free moment.

Cal,

Alot of the equipment owned free & clear are not within the 10-15 min age limit restriction. Trust me, that was one of the first things I asked about. All the main trucks are leased.

[omegafund]

Hey Guys,


I have a small trucking company that's been in business since 2016. Currently running 65 trucks. Doing between $800K-$1M per month. Credit not so great. Has LOC from Kabbage. Looking for $250K.

Getting declined because he has 2 defaults coming up from 2015.

Anybody willing to give this guy a shot? Or should I just throw the file away!!!!

How are the defaults reporting? On credit or internal MCA system?

[yts94]

Landmark has funded a couple of previous defaulted clients for me.

Reach out to Steve.

steve@landmarkfundgroup.com

[kingoffund$]

We fund lots of trucking companies all the time, have his defaults been taken care of? Email me more info or give me a call so we can discuss further!