Trucking Company needs a 3rd
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  1. #1

    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?

  2. #2

  3. #3
    Senior Member Reputation points: 10476
    Join Date
    Nov 2019
    Posts
    653

    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.

  4. #4
    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!
    Mac Jean
    Iso Relations Manager
    mac@clarityadvance.com
    www.clarityadvance.com

  5. #5
    Senior Member Reputation points: 10476
    Join Date
    Nov 2019
    Posts
    653

    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.

  6. #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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