[Fundyman]

Few Things to consider here:

• over 1 yr in business
• average monthly revenue: $74K
• Avg daily bal.: over $5K
• Avg. Ending bal: $14,810
• Neg. days in past 3 months: 2
• Reason for default w/ previous company: Merchant was advised by consolidation salesman to purposely default in order to obtain monthly payments. Consolidation company barely followed thru w/ their procedures.
• Purpose of funds: To obtain 4th truck. Merchant would prefer using funding instead of depleting their own cash.
• Avg credit score: 550

In this case, I already explained to the merchant that purposely defaulting, regardless of the "benefits" of the loan product that was being sold to them was a foolish decision. At this point, it is clear the merchant can only be considered high-risk.

Only offer that stuck was for $10K. Minimum offer that makes sense for the merchant is $30-35K; anything else, they basically might as well use their own cash... Factor rate isn't a big issue. Terms for at least 90 days repayment would be considered reasonable.

If you know where I can take this deal, or any funder able to bite @ the deal, please let me know ASAP because the equipment in question won't be available for much longer. I prefer to get them the advance instead of them using their own cash.

Thanks

[CobaltFunding]

Based on the average rev and daily balances above, Cobalt would probably offer something in the 30-35k range but likely closer to 50-70 days as a starter.

Feel free to reach out to us.

[Jimmy C]

We can collateralize their assets, (trucks) to secure the funds for the 4th truck. We'll definitely make some money on this deal. Contact me below.

Jimmy@sigicancapitalcorp.com

[mobidon]

We clear out any defaults take his existing advances and restructure them
In a way the
Client pays you guys back and stays
In without the fear of them defaulting