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10-30-2014, 11:56 AM #1
- Join Date
- Oct 2014
- Posts
- 26
Looking for a Refi for Trucking Co.
Looking for a funder to payoff his balance of 35k and Refi +40k at lower rate for 9-12 months. Client has good credit but ADB is at 3k daily...any companies out there for this?
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10-30-2014, 12:05 PM #2
Whats the monthly, and how old is this balance/ % payed off, I can work this I just have more questions, email me allen@mcamerchant.com
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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10-30-2014, 12:45 PM #3
YSC may be able to assist
800-955-2411
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10-30-2014, 12:57 PM #4
- Join Date
- Sep 2014
- Posts
- 720
What is the businesses:
- 2013 Gross Revenue
- Average Monthly Deposits over the Past 3 Months
- Average Daily Ledger Balance over the Past 3 Months
- What kind of trucking company? Do they own their own trucks?
- Estimated FICO (good is a relative term)
- Any NSFs or negative balances? If so, how many of each?
- How long have they been in business under current ownership?
No one could possibly tell you whether or not they can get the deal done with the limited amount of information provided.
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10-30-2014, 01:51 PM #5
- Join Date
- Oct 2014
- Posts
- 26
2013 about 450k
they own 3 trucks
adb is 3.5k
fico is 670
one negative daily balance per month
6 years in business
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10-30-2014, 02:09 PM #6
- Join Date
- Apr 2013
- Posts
- 245
I can get this done for you.
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10-30-2014, 02:54 PM #7
- Join Date
- Jun 2013
- Posts
- 195
Are the trucks owned free and clear?
Chris Pepe
Vice President
World Business Lenders, LLC
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10-30-2014, 03:23 PM #8
send me the file let me see what i can do
Quick Funding Group
Lawrence Beigelman
Vice President Of Operations
Main- 718-314-0774
Fax - 718-559-4831
Email-Lbeigelman@Rocfundinggroup.com
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10-30-2014, 04:27 PM #9
- Join Date
- Sep 2014
- Posts
- 720
I can point you in the right direction if they would be happy netting $10-15K. $40K is going to be difficult w/o collateral though (unless their revenue has significantly increased this year).
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10-31-2014, 04:02 PM #10
They are averaging $35-40K a month,they have a $35K balance, and you want them to NET an additional $40K?
Good luck with that fantasy
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