Trucking Company seeking MCA Low daily balances
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  1. #1

    Trucking Company seeking MCA Low daily balances

    Trucking company 5 years TIB seeking funding upwards of $50k
    FICO 720
    Monthly Deposits

    OCT $22,000
    Nov $40,000
    Dec $58,000

    Had a couple of low daily balances.
    If you can fund please reach out directly
    kburton@capitalcityfunding.biz

  2. #2
    Senior Member Reputation points: 338265
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    With 5 minutes 15 people with zero money will comment on how they can "help you". Some will be dumb enough to comment on your post twice without realizing they already commented.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
    Posts
    2,244

    When looking for a MCA for a trucker, always ask if they have any trucks free and clear...can get money in a week on those and much better terms than a trucker MCA. If 660 or better Fico, personal loan using personal tax return. And Heloc is possible if own a home. All much better options.

    Conditon report link:

    https://drive.google.com/file/d/1FgF...ew?usp=sharing

    Any file you submit after the 15th of the month will need a MTD bank statement or screen print.
    Last edited by Olderguy; 01-31-2024 at 11:24 AM.
    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.

  4. #4
    Senior Member Reputation points: 15523
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    Is this a serious request? A heavily restricted industry averaging about 40k/month with a recent month 50% below typical rev on top of all this low balances and you're asking if someone will do 50+?

  5. #5
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
    Posts
    2,244

    Quote Originally Posted by MichaelP View Post
    Is this a serious request? A heavily restricted industry averaging about 40k/month with a recent month 50% below typical rev on top of all this low balances and you're asking if someone will do 50+?
    That is why you need alternative options. Maybe only get $10K - $15K with this.

    Maybe he needs a new truck? Look at equipment financing....get something cheap and used.
    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.

  6. #6
    Senior Member Reputation points: 72398 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,244

    In this instance, merchant wanted $50,000 to buy a truck. Discovery should be part of every opener's toolkit.

    How much money do you need? $50,000

    And what's the use of funds? I want to buy a truck.

    It's equipment financing, not a MCA deal.
    Last edited by Olderguy; 02-02-2024 at 12:51 AM.
    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.

  7. #7
    Banned Reputation points: 10
    Join Date
    Dec 2023
    Posts
    29

    Give us a shot!, sounds like something we can do, will pay 12 points on the deal, send the sub to nick@pinnacleadvances.com

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