Results 1 to 14 of 14
-
09-30-2015, 02:06 PM #1
- Join Date
- Apr 2013
- Posts
- 358
Transportation/Trucking $90K monthly needs home - 7 mths in business
Who can do it?
Recommendations on direct lenders only please. I don't co-broker.
-
09-30-2015, 02:07 PM #2
- Join Date
- Nov 2013
- Posts
- 598
-
09-30-2015, 02:13 PM #3
- Join Date
- Nov 2014
- Posts
- 438
LoanMe is a direct lender (100% funded in house) and can take a look at this. Because we offer a MONTHLY repayment/ unsecured term loan, we don't look at the number of deposits per month like a daily repayment funder does. Our minimum number of deposits is (1). We also work with businesses as young as 2 months. They must have a business bank account open and active for at least 60 days. Please contact us for more information.
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
-
09-30-2015, 03:04 PM #4
I'd like to take a look at this deal as Max Advance does Logistics, please reach me on my direct line so we can further discuss
Christina Rossi
Business Development
Account Executive
Tel: 866-629-4464 ext 229
Fax: 917-368-6943
Crossi@maxadvance.com
www.maxadvance.com
-
09-30-2015, 05:40 PM #5
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Transportation/Trucking $90K monthly needs home - 7 mths in business
If you're open to factoring we can find this one all day long.
-
09-30-2015, 08:04 PM #6
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
-
10-01-2015, 09:26 AM #7
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Transportation/Trucking $90K monthly needs home - 7 mths in business
My apologies John. Meant to type Fund it, instead of find.
-
10-04-2015, 12:54 PM #8
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Was a joke, but I do a lot of factoring, mostly for staffing companies. Are you direct or a broker? Can you compete against Crestmark, Agr and Capital?
-
10-04-2015, 02:08 PM #9
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Transportation/Trucking $90K monthly needs home - 7 mths in business
We are factor/Lenders. This soynds like a deal we could put an offer together within 24 hours receipt of the information. We not o ly compete but pay higher commissions.
Bob Shaw
rshaw@millenniumfundi gusa.com
rshaw@advancecredit.com
734-929-3800
-
10-04-2015, 03:53 PM #10
- Join Date
- Jul 2015
- Posts
- 5
Bob,
I appreciate your experience and knowledge and your contributions to this forum.
However, why is it soo difficult to nail down what a Factor actually charges for money?
1% for 10 days?, other fees, hold backs etc...
I've talked to soo many guys that hate Factors for the games they play and have calculated their total cost of funds in the mid teens at the end of the day.
Why is it that I can never get a straight or honest answer ?
-
10-04-2015, 04:58 PM #11
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Transportation/Trucking $90K monthly needs home - 7 mths in business
Milton, I think the reason may be the industry uses a discount rate much in the way the MCA industry uses a monthly interest rate. I would quote a 2% discount rate for 30 day and, unless explained by the salesperson the client could very well be left with the impression they are getting a 24% annual rate. If you wish to convert that to an APR just divide by the advance rate. If the advance were the typical 80% you would divide 2.0 by .8 and get 2.5% monthly or 30% annually.
As to other fees almost all charge for wires or ach's, however some will quote a lower discount rate and add fees to get their desired yield.
Hopefully many of you will refer factoring deals through us but you dont have to in order to ask me any questions that I may know the answer.
Milton, anyone, please give me a call or your contact information so I may introduce myself.
We at Millennium are working to put a few factoring webinars for the sales person on the web.
All suggestions are welcome, actually desired.
Bob
-
10-05-2015, 08:30 AM #12
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Transportation/Trucking $90K monthly needs home - 7 mths in business
John,
I am a direct lender and can factor pretty much most industries, except medical and construction. We provide international factoring, PO finance and Supply Chain Finance.
This is a typical factoring deal where we would advance 95-97% non-recourse with no monthly mins or contract length and charge a flat 2-3% flat for 60 days.
Let me know if you have any questions.
-
10-21-2015, 01:34 PM #13
Superior can get this done. Transportation is one of our hotspots and we only require 6 mo's in biz.
Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
-
10-29-2015, 10:45 AM #14
Shoot me an email and lets see what we could get done!
Michael Jagiello
Director of Client Acquisitions
Blue Granite Funding LLC
mjagiello@bluegranitefunding.com
1(718)873-6407 Cell
1(917)791-8911 Fax
Similar Threads
-
Trucking/Transportation
By getlikwid247 in forum Merchant Cash AdvanceReplies: 13Last Post: 05-13-2015, 06:24 PM -
Transportation Company with a Monthly Deposit AVG $245K
By YuliyaG in forum Deal BinReplies: 7Last Post: 04-20-2015, 11:08 PM -
520 credit score 30k monthly looking for mca trucking co
By wallerbusiness in forum Deal BinReplies: 1Last Post: 04-07-2015, 08:22 PM -
2 man trucking co wants mca for 10k avg monthly rev 14k 600 fico
By wallerbusiness in forum Deal BinReplies: 2Last Post: 03-19-2015, 10:31 AM -
Trucking company looking for 2nd position 400k. Does 1.3 million monthly.
By Intermediary23 in forum Deal BinReplies: 3Last Post: 03-16-2015, 04:44 PM