Trucking 3 Million a Year sales - needs 100k to payoff all existing
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  1. #1
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    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.

  2. #2
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    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
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    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
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  3. #3
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    Quote Originally Posted by michaelh View Post
    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.
    I have no credit requirement on my sba loans as long as he's not full of delinquencies he should qualify for a decent loan.
    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

  4. #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

  5. #5
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Quote Originally Posted by michaelh View Post
    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.
    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.
    East Shore Equities, LLC
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

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  7. #7
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    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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