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  1. #1
    Senior Member Reputation points: 3300 AlexSMF's Avatar
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    Auto, Truck, and Trailer sales Merchant needs a home

    Have a Merchant in California they do Auto, Truck, and Trailer sales. Been in business for over 20 years and there are 2 owners. One of the owners credit is good and the other had a personal bankruptcy a little under 2 years ago which was discharged. Business is doing about 120,000-150,000 per month in sales. Daily balances are very strong and no NSF's or negative days. They have a 1st position now which they owe about $38,000. They are looking to consolidate the first position and take additional 40,000 for a total of 80,000 advance. They had an offer on the table for 100k for 6 months which they turned down because they are looking for something longer for 12 months....I may be able to push them to do 9 months if 12 isnt possible. Anyone out there that would be able to do such a deal?

  2. #2
    Administrator Reputation points: 34019 admin's Avatar
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    Hey Alex,

    Please make sure that any posts regarding deals go in the deal bin. I just moved this one here.

  3. #3
    Member Reputation points: 17
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    Auto, Truck, and Trailer sales Merchant needs a home

    With the numbers you say he is doing it seems feasible to consolidate the deal in place and net him the amount requested. 12 months may be tough to get but I do believe I can extend the term to around at least 9. I would love the opportunity to work on the file. Please contact me to discuss further.

    Daniel@SamsonPartnersLLC.com
    Office: 347-682-5727
    Last edited by DF.SamsonFunding; 01-13-2015 at 11:41 AM.

  4. #4
    Senior Member Reputation points: 3300 AlexSMF's Avatar
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    Sorry about that, will do from now on

  5. #5
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
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    Alex, I can try to get that term for you, I just need to learn a little more about the deal, give me a call 718 316 3323

  6. #6
    Alex, my company will do that without a problem! give me a call on my cell 636 627 9498

  7. #7
    Senior Member Reputation points: 5013 @jeannette's Avatar
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    Retail Capital will do trucking and in CA. For the bankruptcy we would need to see it discharged, and they must not have included another MCA company in the BK.
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

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