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  1. #1

    400k 70 days

    Have a transportation company grossing 600k monthly, needs 400k 70 days. Who can do this???
    I funded this 100k 30 days and finished payments last week.

  2. #2
    Senior Member Reputation points: 14091
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    Why was he only eligible for 100k 30 days ?

  3. #3
    Quote Originally Posted by Akanner View Post
    Why was he only eligible for 100k 30 days ?
    He had around 7 positions, was a bit overleveraged. Now he is down to 3 positions..
    Last edited by Barbarag; 07-20-2021 at 05:39 PM.

  4. #4
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    Quote Originally Posted by Barbarag View Post
    He had around 7 positions, was a bit overleveraged. Now he is down to 3 positions..
    Feel free to send it and ill see what i can do

  5. #5
    Senior Member Reputation points: 3706
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    Feel free to reach out, I can help you here.
    Paul Boxer
    Merchant Marketplace

    Chief Operating Officer
    Chief Revenue Officer

    Cell: (516) 805-9209
    paul@merchantmarketplace.com
    www.merchantmarketplace.com

  6. #6
    Senior Member Reputation points: 50566 ADiamond's Avatar
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    chances are that whoever could actually do it - is already in the deal.
    Anthony Diamond
    Underwriter

  7. #7
    Senior Member Reputation points: 18841
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    This is a disaster waiting to happen

  8. #8
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    I've done similar deals on the Fox High Risk platform... feel free to reach out to discuss!

    Daniel Cage
    Funding Coordinator | Fox Business Funding
    (347) 308-7788 - Partner with us today!

  9. #9
    Member Reputation points: 22
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    Feel free to send it my way give me a call or shoot me an email, I can get this done!
    Joe Moberg
    ISO Manager
    Avanza Capital
    O: 718-701-6032
    M: 917-734-6939
    joem@avanzacapitalllc.com

  10. #10
    Quote Originally Posted by mca2150 View Post
    This is a disaster waiting to happen
    How?

  11. #11
    thanks to those who responded! I will be reaching out.

  12. #12
    Senior Member Reputation points: 18841
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    Quote Originally Posted by Barbarag View Post
    How?
    1) transportation company
    2) had 7 positions
    3) still has 3 and is looking to stack again. You admitted they were overleveraged before. Did they learn their lesson?
    4) Needs a deal worth 67% of their gross income

    It all boils down to this - if the merchant could handle a higher advance amount, what stopped the previous 3 funders from giving it to them? Are they already at the debt service limit?

    Of course there is a ton of information missing that we can't get from a quick post, but at first glance it seems like trouble.

  13. #13
    We can fund this file, send this to jack@princefundgroup.com

  14. #14
    Send it over. I can get this funded today
    Katie Bell
    ISO Manager
    Thor Capital Group
    888-445-1028
    info@ThorCapitalGroup.com

  15. #15
    Quote Originally Posted by mca2150 View Post
    1) transportation company
    2) had 7 positions
    3) still has 3 and is looking to stack again. You admitted they were overleveraged before. Did they learn their lesson?
    4) Needs a deal worth 67% of their gross income

    It all boils down to this - if the merchant could handle a higher advance amount, what stopped the previous 3 funders from giving it to them? Are they already at the debt service limit?

    Of course there is a ton of information missing that we can't get from a quick post, but at first glance it seems like trouble.


    Yes, they were at the risk of being overleveraged.. yet he never bounced or missed payments. When I first got this file he was grossing 200-300k.. now he is up to 600k.. he uses the funds every time to purchase a fleet or trucks so he instantly makes the money back; which is why he doesn't mind the short term.. When he was funded before he was only grossing 300k and already had a couple positions now his rev has doubled and positions have fallen off.
    Last edited by Barbarag; 07-21-2021 at 04:54 PM.

  16. #16
    Senior Member Reputation points: 5633
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    Quote Originally Posted by Barbarag View Post
    Yes, they were at the risk of being overleveraged.. yet he never bounced or missed payments. When I first got this file he was grossing 200-300k.. now he is up to 600k.. he uses the funds every time to purchase a fleet or trucks so he instantly makes the money back; which is why he doesn't mind the short term.. When he was funded before he was only grossing 300k and already had a couple positions now his rev has doubled and positions have fallen off.
    Why not use equipment financing? Avoid the short term debt wait till positions fall off and keep him at the B lenders in 3-6 months? **if credit is decent of course**

  17. #17
    We can get this funded
    Email me at David@fund4less.com

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