[Dominic S]

Have a file where merchant is paying on two monthly MCA's... Who will fund a monthly? It is a deal breaker for the merchant

[abfunders]

Two monthly MCAs normally means that he negotiated with them and is in payments plans. Is that accurate?

[Dominic S]

nope, may be considered a term loan... The companies are intuit and fundation. I have great offers for her but as you know not many lenders will push out a monthly. I know some are open to it if the first monthly payment comes out week 1. Can you assist ?

[abfunders]

If the client isn't home based, I have an outlet that's also term loan and with monthly payments.

[Yankeeman07]

nope, may be considered a term loan... The companies are intuit and fundation. I have great offers for her but as you know not many lenders will push out a monthly. I know some are open to it if the first monthly payment comes out week 1. Can you assist ?

Intuit (QuickBooks Capital) is a loan thru WebBank - it is not an MCA - Can they secure an increase with their current loan?

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[TopTier]

Intuit (QuickBooks Capital) is a loan thru WebBank - it is not an MCA - Can they secure an increase with their current loan?

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Why would OP Care about an increase with their current loan? He is trying to get paid.

[Yankeeman07]

Why would OP Care about an increase with their current loan? He is trying to get paid.

Maybe do what is best for the client - charge them a Consulting Fee and move
on to the next client. Maybe secure a few referrals and keep the train moving.

[Lmonus]

nope, may be considered a term loan... The companies are intuit and fundation. I have great offers for her but as you know not many lenders will push out a monthly. I know some are open to it if the first monthly payment comes out week 1. Can you assist ?

Edit

[Johndough24]

nope, may be considered a term loan... The companies are intuit and fundation. I have great offers for her but as you know not many lenders will push out a monthly. I know some are open to it if the first monthly payment comes out week 1. Can you assist ?

Since no one is assisting I will try, lol.

Tvt
Iou (believe they have a monthly program)
Channel (I've seen them pulling monthly, after funding, so these weren't lowered, they're the best mca out there)
Breakout
Idea financial (weekly or monthly, cheap program)
Salaryo
Bluevine (not sure they work w isos gluck)

[MJames]

Channel only does monthly, but doubt they will approve a trucker. Not much out there for that industry. Idea wont approve trucking either. Can try an SBA 7a

[abfunders]

IOU won't do trucking
Breakout stopped funding trucking last I Heard, but they'd anyway require 1st position and buying out the other non-bank positions
Bluevine won't do trucking either, and they weren't doing transportation when they cut us all off last year anyway
TVT's A-paper loans are white-labeled through Libertas (also using Webbank which provides a Ribbis issue for those who know what I'm referring to)

[AlexPete]

IOU won't do trucking
Breakout stopped funding trucking last I Heard, but they'd anyway require 1st position and buying out the other non-bank positions
Bluevine won't do trucking either, and they weren't doing transportation when they cut us all off last year anyway
TVT's A-paper loans are white-labeled through Libertas (also using Webbank which provides a Ribbis issue for those who know what I'm referring to)

Is there something that you do not know ???

Alex Peterson
ISO Relationship Manager, THORO CORP
E: alex@thorocorp.com
C: 305-502-9414

[Olderguy]

Can you look outside the box?

Sale leaseback on his trucks
Cashout on your trucks
Asset based - trucks, real estate
Factoring?
if good credit - get a personal loan and take out the MCA's with a monthly payment

[Johndough24]

Is there something that you do not know ???

Alex Peterson
ISO Relationship Manager, THORO CORP
E: alex@thorocorp.com
C: 305-502-9414

He doesn't. I funded a clean a paper trans deal w/ em. They sometimes leave in monthly positions on their loan product.

I have a friend who works with bluevine. I fund term loans with them for a paper transportation and factor their invoices.

Channel does fund a paper trucking logistics. I saw a file called mt transportation with channel and roc funding. Saw many others. Not naming them.

I accidently mentioned iou, etc. Forgot the file is trucking 😆.