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01-14-2024, 04:12 PM #1
- Join Date
- Mar 2023
- Posts
- 6
Reverse Consolidation Trucking
Have a trucking business 200k in MCA balances four positions does 350k a month, who can look at this for a reverse?
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01-14-2024, 04:22 PM #2
Look - I realize that most of you on the forum only know MCA, reverse and debt consolidation and that's the only thing you offer your clients....and I underatand there's good money in it...however there is a much larger universe out there that you all need to expand your awareness around that for clients that get themselves into this type of situation.
Guy doesn't need a reverse he needs a virtual CFO to tell him how to run his business.
We have access to an accounting services team to figure why he is in such a mess.
Does he have any property we can use to take out the MCA's?
Does he have trucks free and clear we can do sale leasebacks to get funds?
Does he have factoring in place?
Reach out because a reverse isn't what this guy needs.
Sooner or later this industry will be regulated and you will have an ethical (and legal) responsibility to know these other options that are in the best interests of the client. Buy and sell rates will be illegal as "back end" did in the mortgage industry. There will be no more buy rate....just one sell rate.Last edited by Olderguy; 01-15-2024 at 09:17 AM.
Steve Benjamin
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01-14-2024, 07:44 PM #3
- Join Date
- Sep 2023
- Posts
- 42
Andrew@arkcapitalfunding.com
908-208-3593
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01-15-2024, 11:00 AM #4
- Join Date
- Dec 2023
- Location
- NJ
- Posts
- 41
you're right
TMRNOW | A Total Merchant Resources Company
Ariel Avalos – Iso Relations Manager
377 Hoes Lane, Suite 240, Piscataway, NJ 08854
Phone: 347-814-6152 | Email: Ariel@tmrnow.com | Web: www.tmrnow.com
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01-15-2024, 12:18 PM #5
- Join Date
- Jan 2024
- Posts
- 9
100% agreed
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