Results 1 to 6 of 6
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09-20-2022, 11:31 AM #1
- Join Date
- Jun 2021
- Posts
- 39
Trucking Company needs a 3rd
I have a trucking company doing about 350-400k a month in sales. Currently has two A paper funders pulling daily (very low holdback %). Seeking a 3rd position, the merchant needs 100k for 10 months at a 1.30 sell rate. Is there anybody that can do this deal?
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09-20-2022, 12:46 PM #2
- Join Date
- Sep 2022
- Posts
- 17
shoot me an email Asher@instafundadvance.com
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09-20-2022, 01:53 PM #3
- Join Date
- Nov 2019
- Posts
- 675
Good luck with this file. 1.30 sell rate on a third position for 3 months is a crazy rate. I would love to know if there is any funder willing to go that far out on a trucking company for a third position and give that low of a factoe rate without you hardly making anything on it.
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09-20-2022, 02:44 PM #4
- Join Date
- Aug 2022
- Posts
- 28
We can definitely do a 3rd position trucking deal. However, given the industry type and position; we'd probably max out around $75k over 60-80 payments. I'm hearing that EVEREST/VADER is still doing pretty well in the logistics space though, give them a shot! If they decline it or if your merchant is comfortable with a shorter term position, I'd be happy to get it done!
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09-20-2022, 04:30 PM #5
- Join Date
- Nov 2019
- Posts
- 675
If you cant find a 10 month deal at a good rate let me know. I will probably max at 6 months and if he is top tier pricing if it is over 100k deal than you can be looking at 1.33 paying a total of 9 points with 3% in fees.
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09-21-2022, 12:16 PM #6
Trucking Company 3rd
Hello,
If long term & low rate does not work out for your merchant we can be exceptionally competitive with dollar amount yet the term will be short due to industry type & 3rd position. Minimum monthly revenue for restricted industries such as trucking & auto car sales is 100k+ I would be glad to hop on a call to get acquainted & discuss our programs. My contact info is below.
Thank you
High Risk Program Specialty:
- Large Deals
- High Risk
- B to D Paper
- 1st to 12th position
- Default Deals are entertained on a deal-by-deal basis
(Satisfied judgments, payment plan, time of default, Reason Of Default & more)
- Other Company Declines (Deals that are hard to get offers on)
- Exceptionally Competitive With Dollar Amount
Our Product
10k to 3MM
(For increase of funds, a deal-by-deal basis)
-Terms up to 75 days
(Flexible with large funding amounts)
-Instant DocuSign contracts
-All submissions are priced at 1.49 with brokers discretion to down sell
Minimum monthly revenue - $50,000
-Minimum monthly deposit count - 5
-Average daily balances - $1,500.00
-Time in business - 6 Months (12 months preferred)
-All credit scores accepted
-No credit checks (We focus on healthy ledgers and payments history)
-Restricted Industries (Minimum monthly revenue - $100,000)
-Canada - Yes. (Must be a US bank account (Min Rev 150k)
-Tax Liens - Must be on payment plan
-Ownership 100% (All parties must sign)
-We can only fund traditional bank accounts.
(Not accepted banks E.g. PayPal, BlueVine, Square, Kabbage, etc.)
Gill Navarro
Director of ISO Relations
Direct: 1(862)-303-3225
Email: Gill@keycapitalfunding.com
Website: https://keycapitalfunding.com/iso/
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