[factorfinders]

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.

[CLucas]

Hay please give me a call if all us true I will go up to 26-k for the same daily amount.

[bdshaw]

we are also a factoring broker and have successful in getting mca's subordinated.

[BusinessLender]

We work directly with Trucking industry. I am happy to take a look at this deal. Please contact me directly tdube@priorityfundingsolutions.com.

[blKC]

This is a situation we are open to on deals >$50,000.

brandon@kalamatacapital.com

[rick_clsfunding]

with a 610 credit score?

[bdshaw]

your client probably has about $40,000 in receivables. why not use the $32,000 advance to buy the lender out then get him a new MCA if he needs it.
i assume you are using your own factoring company. Even if not, whats the problem?

[Zach]

If the client has collateral, WBL can lend up to 3X their monthly deposit volume.