[ifundtrucking]

Who are the funders that are willing to cross collateralize different entities?

[ridextreme]

For hard money loans or MCAs?

[Olderguy]

I am assuming different EIN, different businesses for one business loan. A corp PG might resolve that each entity. Hard money real estate, yes that's a blanket lien. But will have to figure out vesting....maybe a new llc with these entities under that llc.

[Kevin Henry-Seacoast]

It depends on the industry, how it is structured, and assets to be considered.

-If a holding company owns all the businesses, you can finance at the holding company level and collateralize all assets for all related holding companies,
-If they are separate EINs you will have to finance all of them separately, but the lender will likely have corporate guarantees for all entities.

I do this all the time with asset based lines of credit including AR, Inventory, and M&E. I also do this for factoring or ledgered facilities-same assets.

KH

[ifundtrucking]

Merchant owns two gas stations. Separate entities. One does 250k a month and the other does 450k. He wants to fund the one doing 250k, but it has lower balances. He's willing to put the one doing 450k up for collateral. Looking for MCA deal.

[Kevin Henry-Seacoast]

Merchant owns two gas stations. Separate entities. One does 250k a month and the other does 450k. He wants to fund the one doing 250k, but it has lower balances. He's willing to put the one doing 450k up for collateral. Looking for MCA deal.

Obviously not for us

[AlexPete]

Merchant owns two gas stations. Separate entities. One does 250k a month and the other does 450k. He wants to fund the one doing 250k, but it has lower balances. He's willing to put the one doing 450k up for collateral. Looking for MCA deal.

We will gladly have a look at the file. Send me an email to alex@thorocorp.com and we will take it from there.

[abfunders]

Merchant owns two gas stations. Separate entities. One does 250k a month and the other does 450k. He wants to fund the one doing 250k, but it has lower balances. He's willing to put the one doing 450k up for collateral. Looking for MCA deal.

Are the gas and the convenience store accounts separate? Just throwing this question out there for you to understand that 450k combined vs 450k in just convenience store are completely separate files!

[ifundtrucking]

Yes separate accounts. Separate entities.

[abfunders]

Yes separate accounts. Separate entities.

He has two gas stations, different entities.
I'm saying that funders don't look at the deposits for gas, because the profit margins are SO small.
They need to see the convenience store deposits only.
So what I'm saying more clearly is: Are there 4 bank statements (2 for each), or only 2 (1 for each)?

[AshleyMintFunding]

Mint Funding! Reach out to us- info is below.

[ridextreme]

Yes separate accounts. Separate entities.

1. Does the gas station have a convenience store?
2. Do they do auto repair?
3. Do the 250K and 450K deposits include gasoline sales?

[Cash Advance Kid]

Mint Funding! Reach out to us- info is below.

Hey Ashley, I have no game in this but just wanted to say I was reviewing your website and it is an absolute wet dream for an attorney general. Thanks for the blast from the past, It's like visiting an MCA site prior to 2016 before much of MCA case law was cemented.

[Zonefund]

Hey Ashley, I have no game in this but just wanted to say I was reviewing your website and it is an absolute wet dream for an attorney general. Thanks for the blast from the past, It's like visiting an MCA site prior to 2016 before much of MCA case law was cemented.

How so?

[Risker]

We do. Email Laura@fundprollc.com to sign up.

[KollectionsGuy]

How so?

Here's one example- they use the word LENDER when describing cash advances. Here's a second one- they refer to remittances as a repayment and put it in nice bold letters. Thats just two examples. Hope this helps.

[JonathanHendrix]

Here's one example- they use the word LENDER when describing cash advances. Here's a second one- they refer to remittances as a repayment and put it in nice bold letters. Thats just two examples. Hope this helps.

Apparently they are BBB accredited bro.... Says so on the website must be legit

[ridextreme]

Apparently they are BBB accredited bro.... Says so on the website must be legit

I would never become "BBB accredited". They charge a hefty up front fee plus an annual fee to be "accredited". screw them!

[JonathanHendrix]

I would never become "BBB accredited". They charge a hefty up front fee plus an annual fee to be "accredited". screw them!

That's why you do it the mint funding strategy, just say it on your website.

[Mexican Funding]

TVT is a great one to pitch when you want to cross collateralize and most C Paper funders will look at that as long as you have all the docs and can prove that all will be well. Paint the picture for them and make it make sense. Should be something doable.