[L&R Houston]

Good Day All,

I have a Logistics Company (not a trucking company, so no equipment) seeking 200-250K. FICO 680+, 300-400K monthly deposits. Was offered 215K, but monthly payments were 45K which was a non-starter. Merchant is okay with the rates, just needs the term stretched. No collateral.

Can anyone advise? Thanks!

[Olderguy]

Any reason couldn't get SBA 7A?
Have they filed 2022 tax returns?
Are they making money?

I am doing one right now...for logistics company
Doing a LOC...
And doing cash out on equipment
Waiting for 2022 taxes for SBA 7A.

[L&R Houston]

Thanks Olderguy,

Still working on the tax returns, but don't really want to wait for the SBA process. They are cashflowing, and they're ok with the rates, just seeking a longer term

[Olderguy]

Thanks Olderguy,

Still working on the tax returns, but don't really want to wait for the SBA process. They are cashflowing, and they're ok with the rates, just seeking a longer term

I got one done in 25 days through Cadence Bank.

Non collateralized.

I assume everything cash flows for it.

[L&R Houston]

That's quick! If possible, he'd like to fund next week

[Yankeeman07]

Good Day All,

I have a Logistics Company (not a trucking company, so no equipment) seeking 200-250K. FICO 680+, 300-400K monthly deposits. Was offered 215K, but monthly payments were 45K which was a non-starter. Merchant is okay with the rates, just needs the term stretched. No collateral.

Can anyone advise? Thanks!

You left out some details, but in general I have a Private Lender that may be able to offer them a longer-term MCA or possibly a Term Loan

[Olderguy]

So why not consider getting the least amount they need with an early pay discount and then look at prequalifying for a SBA 7A.

[L&R Houston]

Thank you Yankeeman and Olderguy. Client does want a stretched out MCA, but I will also suggest taking minimum amount and possibly work on SBA.

[closer129]

That is not the actual trucking company but it is still transportation and right now a lot funders are not going out long on that industry so around 6 months will most likely be maxed for most funders. My company maxes transportation at 6 months right now but if a merchant comes back for more continuously term does not matter because we add the new money to tbe back of the old and they do not pay for it until the old balances is finished like a sort of credit line. I have merchants that started off with 6-8 month terms and now been funded 17-19 times o er 5-6 years as a credit line.

[Avi joe]

send it to us. we will see the best we can offer.

Avi Joseph
Overnight Capital
(929) 205-8201
www.overnight-capital.com
avi@overnight-capital.com

[Olderguy]

Thank you Yankeeman and Olderguy. Client does want a stretched out MCA, but I will also suggest taking minimum amount and possibly work on SBA.

If you have the docs I can do a prequal.

Start with a basic loan application

Just click on this link below and complete the application:

https://app.hellosign.com/s/JljnpJWp

For each company:

1. 2022 year end P & L and balance sheet, 2023 YTD
2. 2 years business tax returns
3 2 years personal tax returns
4 Schedule of liabilities SBA form 2202 - can email form
5 Use of funds summary - can email form
6. Fico scores
7. 6 months business bank statements

How many W-2 employees do you have?
Do you own or rent your primary residence
What is your monthly payment?

[JakeTheIso]

looks like something that can fit my box please email me more info or call

Jake Shalom
929-400-1360
Jake@BowAppleCapital.com

[ErikaClarityAdvance]

Hello Team,

Feel free to send it my way.
erika@clarityadvance.com

[admin]

Hello Team,

Feel free to send it my way.
erika@clarityadvance.com

what is your office address?

[Olderguy]

what is your office address?

https://www.clarityadvance.com/index.php

Needs to be visible in signature I guess....forum guidelines....

[BR-Nightmare]

https://www.clarityadvance.com/index.php

That's where Blackstone Merchant Services is.

https://blackstonemerchant.com/

[greencapfunding]

Any previous positions? Please give me a call 4256470938. I'd love to see what I can do to help.

[lewdjh]

Hi. I will love to take a look at it. I can go out to 12 - 15 months. Just need signed application and the last 4 months business bank statements.

My email is edmund@myalphaloans.com
Phone: 754-246-0372