Results 1 to 7 of 7
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05-07-2015, 02:59 PM #1
- Join Date
- Jan 2015
- Posts
- 77
Merchant with Two Balances in Transport Biz looking to consolidate and Net Zero
630 Credit
108K March
116K April
1st with Abacus Funding
2nd with 48 Factor
total daily 850 a day.
Merchant is looking for some breathing room
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05-07-2015, 03:12 PM #2
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Well, since 48 factoring already has an agreement with him and an on-going factor with future receivables, I am sure he can't just take them out (depending on how long they are going out with him).
Transportation is a hard business to consolidate because of risk. That is why factoring is a better choice. Example: What is the truck breaks down? =No future receivables.
In this situation, he needs collateral to use in order to put "less risk" in "taking out" any of the positions for this type of "consolidation".
You can then use the collateral on a line of credit that he can use at his disposal or find another factoring company that can structure a better payment option.Amanda Kingsley
DailyFunder: WhoisKingsley
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Always Live and Lead with Integrity.
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05-10-2015, 06:34 PM #3
- Join Date
- Dec 2014
- Posts
- 91
MERCHANT SOURCE CAN CALL RUDY @ 646-757-3000 OR EMAIL @ rjames@merchantsourceinc.com
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05-12-2015, 12:42 PM #4
- Join Date
- Aug 2014
- Posts
- 65
Call me to discuss refi options.
Thanks,
Lorraine
765-506-8048
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05-12-2015, 01:34 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Merchant with Two Balances in Transport Biz looking to consolidate and Net Zero
Hi Amanda, I checked the factors website and they underwrite MAC's only.
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05-18-2015, 06:42 PM #6
- Join Date
- Aug 2014
- Posts
- 65
Does the client own his equipment?
Lorraine
765-506-8048
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06-16-2015, 06:36 PM #7
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
I can help christian@fidelitybusiness.org
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