Results 1 to 6 of 6
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12-04-2014, 05:15 PM #1
- Join Date
- Nov 2014
- Posts
- 10
Need a new 2nd position
I have a trucking company that averages $170K in monthly deposits with a 574 credit score. The merchant has 3 positions. The 3rd position will be paid in full within the next couple of days. They would like to pay off the current 2nd position & net $20-$30K. The balance on the 2nd is approximately $32,500.
Where lending is FUNDamental!!!!
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12-04-2014, 05:35 PM #2
- Join Date
- Jul 2014
- Posts
- 196
Need a new 2nd position
That's probably the best way to go getting that 2nd payed off and putting it in as a first to get a better rate. With those numbers that shouldn't be a problem. Also keep in mind the amount of deposits they do per month. This shouldn't be hard to do with the small amount there asking for.
Mike@SamsonPartnersLLC.com
office# 347-492-1801.
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12-04-2014, 08:32 PM #3
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
PM me I will put you directly in touch with the lender I use for my trucking companies.
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12-05-2014, 08:28 AM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
This not a big problem. You should consider letting go of the short term gains in MCA and put your client into a longer term factoring relationship.
I can help you having been a Factor for a number of years.
Bob Shaw 734-929-3800
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12-08-2014, 02:28 PM #5
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
GoldenPearl, some of the cheapest 2nd's in the space (can't be CA).
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12-30-2014, 12:34 PM #6
- Join Date
- Dec 2014
- Posts
- 93
I can do this please contact me!
Erin Dreselly
World Business Lenders
81 Market Sq., Suite 7
Newington, CT 06111
Direct: 860-549-2419
Cell: 860-692-4636
Fax: 860-499-5413
Email: edreselly@wbl.com
Web: www.wbl.com
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