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10-22-2020, 04:20 PM #1Senior Member
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Do they have factoring in place? How do the daily balances look? Should be able to do this no problem if credit is half way decent and balances aren't horrible.
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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10-22-2020, 04:49 PM #2Senior Member
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why does factoring matter?
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10-22-2020, 04:54 PM #3Senior Member
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Factoring is a revolving facility. There should be no need for additional working capital unless they are expanding and need to spend capital to expand. If the goal is to raise money for expansion, then try and get an SBA on the trucks or finance the trucks. Usually margins for trucking companies are tight.
Originally Posted by Iscibibi153
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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10-22-2020, 05:03 PM #4Senior Member
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i see, thanks
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