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07-07-2015, 01:59 PM #1
- Join Date
- Jun 2015
- Posts
- 11
Seeking Lender to Buy Out Recentky Funded Loan
As you might be able to tell from our name, we are primarily factoring brokers. We have a prospect who recently received a loan from a lender who refuses to subordinate to an incoming factoring company. Looking for a funder who will take out the existing lender and subordinate their interest to the factor (or alternatively not file a UCC1).
Deal specifics are as follows: Small trucking company. Initial loan amount was $18,000. Loan secured June 10th. Daily debit is $139.05. The owner’s credit score is 610 and they avg. 15 deposits per month totaling approximately $27,000. Challenges are as follows: industry = trucking, loan just signed so prospect will not receive any funds from refinancing, current lender is difficult.
For further information or to express interest, please contact sales@factorfinders.com.
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