Results 1 to 7 of 7
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10-02-2023, 05:11 PM #1
- Join Date
- Sep 2014
- Posts
- 263
Trucking 3 Million a Year sales - needs 100k to payoff all existing
Customer has around 100k in positions right now. Doing around 3million a year in his transportation business. He's doing on average around 300k a month in revenue and has a few negative days a month in his statements. A 595 credit score he is looking for around 100k+ to pay off his positions and have some working capital. Let me know if you can do anything thanks.
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10-02-2023, 05:17 PM #2
I can get them cash out on any of the trucks that are free and clear - with that Fico maybe 25% interest 3 - 4 year loan. Monthly payment. Take a week.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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10-03-2023, 08:36 PM #3
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
Midwestern Financial Solutions
CEO
Office - (954) 694-6402
email- Info@midwesternfinancialsolutions.com
MidwesternFinancialSolutions.com
Where your box ends ours begins.
https://www.linkedin.com/company/mid...ial-solutions/
linkedin.com/in/brandon-cooper-426615267
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10-05-2023, 10:48 AM #4
- Join Date
- Oct 2023
- Posts
- 4
Send me the file, I'm a new funder in town and this is something I can definitely work with.
First thing i would ask is why has he has taken 3 MCA loans in such a short time frame, and why not any other type of financing, depending on his answer to this I can definitely get him the 100k he he needs but would also make him aware he has less expensive alternatives if he does take the time to get his finances in order. If he provides financial statements, tax returns, audited financials we can get him something long term and eliminate the need for for another MCA every 3 months.
Let me know.
Joshua Dror
Cash Flow Financing
212-729-6105
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10-05-2023, 02:12 PM #5
His credit score of 595 is not a factor for us. This seems like an opportunity we might consider. We do engage in buyouts, but we might propose buying out just one position instead of all of them. It's challenging to determine without a closer examination. However, at the very least, it appears to align with our typical considerations.
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10-17-2023, 03:12 PM #6
- Join Date
- Oct 2023
- Posts
- 8
check pm
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10-23-2023, 04:16 PM #7
- Join Date
- Sep 2023
- Location
- MIAMI
- Posts
- 46
I would need to look at the file, as long as he isn't a trucker in cali, i can take a look, please reach out.
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