Looking for a Refi for Trucking Co.
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  1. #1

    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?

  2. #2
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
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    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

  3. #3
    Senior Member Reputation points: 13596 isaacdstern's Avatar
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    YSC may be able to assist
    800-955-2411

  4. #4
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    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.

  5. #5
    2013 about 450k
    they own 3 trucks
    adb is 3.5k
    fico is 670
    one negative daily balance per month
    6 years in business

  6. #6
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    I can get this done for you.

  7. #7
    Are the trucks owned free and clear?


    Chris Pepe
    Vice President
    World Business Lenders, LLC

  8. #8
    Member Reputation points: 10 Finance Master's Avatar
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    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

  9. #9
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    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).

  10. #10
    Veteran Reputation points: 135672 Chambo's Avatar
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    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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