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  1. #1

    300K/month 2nd position (FC) Trucking

    Here's the deal:

    Trucking company (IL)
    300K monthly
    Clean Credit (home owner, mortgage)
    Clean banks - average daily balance 80K (lowest - 50K in winter months), no negatives/nsf's
    1st Loan - Funding Circle monthly
    2nd position - Quarterspot (1 year, 100K balance, $735/day) + EBF (6 months, 100K balance, $1295/day)

    They are looking to get rid of the Qs+EBF and set up for a year+ term. Need to pay off about $200K in between those two.

    Can anyone do the above or recommend a good placing for these guys?

  2. #2
    Banned Reputation points: 10
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    Aug 2015
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    im interested in your deal can you pm me

  3. #3
    Banned Reputation points: 4530
    Join Date
    Mar 2014
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    Ann Arbor, Michigan
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    300K/month 2nd position (FC) Trucking

    Why not consider getting them a line of credit using their accounts receivable as collateral.
    Advance Credit Fundong Corporation pays the highest commissions in the factoring space, up to 25%.
    Bob Shaw
    Rshaw@advancecredit.com
    734.929.3800

  4. #4
    I can help you out feel free to give me a call or email me.
    714-768-1559/ jhawkins@swiftcashadvances.com

  5. #5
    Im Chris Wiseman Im the only guy in town who consolidates multiple positions and the client doesn't have to even net any money also. We love trucking companies. Call me my mobile 9176575503. FYI IM POWER UP LENDING

  6. #6
    IM a DIRECT LENDER ASK THE REST HOW MUCH THEY FUNDED LOL I KNOW WHAT WE DO!!!!!

  7. #7
    I could definitely take a look, shoot me an email.
    Michael Jagiello
    Director of Client Acquisitions
    Blue Granite Funding LLC
    mjagiello@bluegranitefunding.com
    1(718)873-6407 Cell
    1(917)791-8911 Fax

  8. #8
    Senior Member Reputation points: 30475 Zach's Avatar
    Join Date
    Nov 2013
    Posts
    1,732

    If we secure the real estate he owns, we can absolutely do this. Depending on the equity, we can provide up to 900K (3X their monthly revenue).

    We may also be able to use his trucks for collateral, in case he is sensitive about pledging his property.

    Give me a call if you'd like to discuss.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  9. #9
    A brief update on this one:
    - Right now they are set up with Bibby factoring
    - They do own trucks at about 100K value, the rest of the trucks are still on the lease-to-buy
    They don't want to involve the personal real estate.

    Right now we got a generous offer of 30K (guys pretended they can cover all of it) which by no means cuts it. Can anyone really do this or recommend someone able to?

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