[sarocha]

Hey guys,

I have a transport company in California who is seeking $20,000. Their credit score is below 500; however they deposit about $30K on average. Their average daily balance is around $4k every month.

Can anyone do this? Thanks.

Best,

Simon

[Money2Fund]

Hey Simon,
I can definitely get this deal for you, shoot me an email to further discuss the details and we can begin the underwriting process today
Brent@jdmerchantcapitalllc.com
Thanks
Brent

[Lorenso dennis]

Yes, as long as this merchant has little to no negative days, I can make this happen.

Feel free to contact me about the deal

C:201-932-8111
E: Lorensod@hcslending.com

[Zach]

If the client is willing to pledge one or two of his trucks, I can probably get this one done. It won't be some 3-month 1.45 either.

[Chambo]

Jesus, do any of you so called funders pay attention?

1) Transport company (aka trucking)
2) Sub 500 credit
3) $3oK in avg deposits, but looking for $20K
4) Oh yeah,....in California!

You guys can lie to this dude and yeah, "look at it" all you want, but you ain't funding it....and you damn well know it!

[mcaguru]

Chambo... I stayed out the this one

[WhoisKingsley]

Jesus, do any of you so called funders pay attention?

1) Transport company (aka trucking)
2) Sub 500 credit
3) $3oK in avg deposits, but looking for $20K
4) Oh yeah,....in California!

You guys can lie to this dude and yeah, "look at it" all you want, but you ain't funding it....and you damn well know it!

Very true... usually trucking companies have contracted work with only one company and they only receive deposits from that one source. If something happens with that contract, that trucking company shuts down.

If it is more than 2 trucks and multiple contracts - maybe

California + Transportation = No No - unless they have a warehouse or produce the goods they are transporting.

Chambo is right... don't raise your hand unless you understand. (lol)

[@jeannette]

Credibly will fund trucking and in CA. The ADB and Deposit volume work for what you are looking for. The credit score being below 500 would probably kill the deal, unless they have a long term(5+) in business, good business credit with no negative days...it could happen, but not probable.

[Michael I]

Credibly will fund trucking and in CA. The ADB and Deposit volume work for what you are looking for. The credit score being below 500 would probably kill the deal, unless they have a long term(5+) in business, good business credit with no negative days...it could happen, but not probable.

they will fund trucking but not transportation to be clear

[FUNd]

Just do a sale-leaseback on his trucks. He'll get 1/3 of the recent auction value and payback 3x the loan amount over 60 monthly payments. It's his only hope. With 30K in deposits, I'd be willing to bet he's a owner-op sole prop, too. If you want help setting it up, shoot me a PM.

[evercap]

if they are looking for equipment Everlasting Capital can get this done. Credit doesn't matter if banks look ok. we can usually go 1 to 1.5 times monthly avg for a piece of equipment.

[Zach]

Jesus, do any of you so called funders pay attention?

1) Transport company (aka trucking)
2) Sub 500 credit
3) $3oK in avg deposits, but looking for $20K
4) Oh yeah,....in California!

You guys can lie to this dude and yeah, "look at it" all you want, but you ain't funding it....and you damn well know it!

I'm sure this wasn't pointed at me, because I probably can get this done.

[KM_Superior]

Superior would fund this deal, no collateral needed. As a D paper lender, sub 500 credit score is OK. However, he would not qualify for 20k based on avg. deposits of 30k.