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06-30-2015, 09:45 AM #1
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
Trucking Company - 200k / 2yr deal
I have a trucking company that does over 2 million/year. Client is buying a new business and needs $200k and is looking for a payback of 2 years. Merchant's credit is 700+. Is looking for a low rate and is willing to put up collateral (the company owns 14 trucks outright) to secure it.
We don't go out as far as 2 years, the furthers that our guidelines allow for right now is 12 months or I would do the deal myself.---------------------------------------------------------
Rich McKellar
www.linkedin.com/in/richardmckellar
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