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.