[sigmundpannu]

I am working with a fuel transportation company in Florida with gross revenues of $12MM. Merchant took out 3 MCA loans with a broker who stacked them within 5 days of one another for a total funding of $450k. Merchant owes about $325k now, and is trying to roll them into 1 new loan in the amount of $500k. Excellent cash flow, and is currently paying $88k/MO on those 3 loans. Owner has 630 credit score, however has a personal tax lien in the amount of $500k from several years ago which is currently in a documented repayment plan with proof of payments. Business had a CH11 in 2008 with successful completion in 2012. Company delivers all over the SE US, has over 100 trucks/trailers. Anybody knows who will fund this type of loan?

[bdshaw]

It looks to me that it may be possible to put together an asset based loan to take out the advances. the collateral for this type of company is generally the equipment and receivables.
please send me your number so we can discuss the deal.
Bob Shaw
734.929.3800
rshaw@advancecredit.com

[sigmundpannu]

thanks for the reply, however they already have an ABL in place, and most of the trucks are still financed. so doubt you could work around that.

[Phoenix]

Sounds like they can qualify for a structured financing re-structuring there debt . A credit line facility/payments 1 x per month . Give me a call to discuss .We'll need financials 2014 and 2015 YTD

George Sotomayor
Phoenix Capital LLC
48 Wall St. 11 th
New York,N.Y. 10005


Office 347 570 0024
Fax 212 214 0438
Cell 917 651 6834
E mail George@Phoenixcapitalny.com

[Brandon Seger]

I can definitely get this done.

Give me a call 636 627 9498
or email me
brandon@modernfundingadvisors.com

[IFG]

PM sent

[bdshaw]

I think George is correct but it will be a difficult deal at best.
I know one lender that would look at this deal as an MCA if you're interested.
One of the significant challenges is that once they leave the MCA space and going to a more traditional space the multiple MCA's will put their business acumen into question. Be prepared to explain why they needed the MCA's if they were getting less expensive capital from their ABL lender.
Good luck, I hope you are successful.
Bob

[nmanapat]

If they can use there asset as collateral, we can either do LOC or short term loans with low interest.
Shoot me an email nathaniel@instafundllc.com

[Theadvisor23]

I will get this done. I can fund based of of future contracts.

[Krystle MacDonald @ WBL]

I can! We have some different options. Call or email to discuss. Kmacdonald@wbl.com 888-441-9500 ext.234

[MoveAhead162@gmail.com]

Please call me to discuss. I have a funder that only cares about collateral, not credit score. They will do leasebacks, payoff liens, loans against assets, and offer working capital. Really easy to work with.

Call me at 765-506-8048.

Lorraine