[ChristianCapitalGainz]

Hello,

i have a trucking deal right now that is looking to consolidate or for a first position. She currently has 3 other advances totaling around 30k in total. She ended up dealing with a broker that said he would pay them all off but instead he stacked her. She is a great merchant and has never missed a payment. She does about 130-150k on average. Anyone out there willing to take this deal on?

[Money2Fund]

sent you a private message
Thanks
Brent

[GMFunding]

How many drivers and trucks? How often are they paid?

[Michael Jagiello BGF]

Shoot me an email and we'll see what we could get done. This sounds doable since her balances are low

[kmacdonald]

WBL loves working with Trucking businesses. Do a lot of consolidation also. My email is kmacdonald@wbl.com and direct line is 860.436.2183 . Contact me, let's get this done!

[bdshaw]

Your client should consider a line of credit, factoring. They get access to 80% of their accounts receivable and you stand to make around $12,000 a year for generally 3 years.

Bob Shaw
rshaw#millenniumfundingusa.com
734.929.3800

[VFG]

I can provide factoring for this client non-recourse and fund up to 95% of his receivables and take care of all those cash advances.

[ChezkyGCG]

yes i will take it on as i am a direct lender ill pm you my info
best regards/
Chezky Stadler

[golf2014]

if the other 2 advances didn't pay off the previous advances...this tells me there are issues. nobody can tell you what they can or can't do unless they see statements and run credit etc. look at it this way..why wouldnt the 2nd or 3rd advances want to give them more money and get the factor rate for the bigger advance??? likely there are issues. there is a way around this possibly.

[Michael I]

if the other 2 advances didn't pay off the previous advances...this tells me there are issues. nobody can tell you what they can or can't do unless they see statements and run credit etc. look at it this way..why wouldnt the 2nd or 3rd advances want to give them more money and get the factor rate for the bigger advance??? likely there are issues. there is a way around this possibly.

Golf your way off here . Why would a company want to be first position of they can give less on a shorter term and higher factor then the first . They are out and when the merchant goes bad the first guy gets screwed . That has always been pearl and Yellowstone way . For example they can go 6 months on a second but if the first position is 6 months they will give you only a 3 month offer

[JoeLepkoski]

Golf your way off here . Why would a company want to be first position of they can give less on a shorter term and higher factor then the first . They are out and when the merchant goes bad the first guy gets screwed . That has always been pearl and Yellowstone way . For example they can go 6 months on a second but if the first position is 6 months they will give you only a 3 month offer

Michael that may have been the Yellowstone way for a time, but Yellowstone is not the same company it was a few years ago, or even a year ago for that matter. We've been offering 4, 5, 6, or even 7 months on second, third, and even select fourth position deals. Isaac and the new management team at YSC/Fundry have been working non-stop to make YSC a lender that can be competitive on any file, and not just giving the same predictable offer on every deal like so many in the industry assume.

[AndyYSCISOdept]

Michael that may have been the Yellowstone way for a time, but Yellowstone is not the same company it was a few years ago, or even a year ago for that matter. We've been offering 4, 5, 6, or even 7 months on second, third, and even select fourth position deals. Isaac and the new management team at YSC/Fundry have been working non-stop to make YSC a lender that can be competitive on any file, and not just giving the same predictable offer on every deal like so many in the industry assume.

Taking our terms out longer and longer on 2nd and 3rd position deals is the only way we have managed to stay competitive. And that is the directive we've been given by Isaac and the management team.

[Michael I]

Michael that may have been the Yellowstone way for a time, but Yellowstone is not the same company it was a few years ago, or even a year ago for that matter. We've been offering 4, 5, 6, or even 7 months on second, third, and even select fourth position deals. Isaac and the new management team at YSC/Fundry have been working non-stop to make YSC a lender that can be competitive on any file, and not just giving the same predictable offer on every deal like so many in the industry assume.

Joe are you telling me if pearl somehow got a merchant to take a 4 month deal as a first that yellowstone will come in as a second with a 7 month deal ?
i know you will do a 7 months if the merchant has a 12 month with on deck . but i have never seen a second position give longer then the first with the exception of quarter spot and iou .

[AndyYSCISOdept]

Joe are you telling me if pearl somehow got a merchant to take a 4 month deal as a first that yellowstone will come in as a second with a 7 month deal ?
i know you will do a 7 months if the merchant has a 12 month with on deck . but i have never seen a second position give longer then the first with the exception of quarter spot and iou .

I think if the merchant only qualified for a 4 month deal as a first position he probably wouldn't qualify for a 7 month second. However, it is not uncommon for us to match the term of the first position deal. In essence we want to avoid having the first position deal renewed one or more times while our second position isn't into the juice.

[Michael I]

First of all thank you for saying the truth and agreeing with me that you wont give a longer term then the first position .
you will be surprised twice in the last 3 months i got a 15 month deal to buy out someone that had 4-6 month deal .

[AndyYSCISOdept]

First of all thank you for saying the truth and agreeing with me that you wont give a longer term then the first position .
you will be surprised twice in the last 3 months i got a 15 month deal to buy out someone that had 4-6 month deal .

I only partially agreed with you, the flip-side of my statement is there are definitely times where we will go out longer. In fact I have a guy right now with a balance on a 2.5-3 month deal that we just offered a 6 month deal to. There are definitely times where merchants take a deal that is shorter than what they can qualify for.

[RichardGerard]

Other than trying to make maximum upfront commission I'm not understanding why an ABL LOC or factoring arrangement- with soft or limited notification- isn't being offered. If the financials support it perhaps a term loan...

With the annuitized trails (or higher lending amounts with longer payback terms) earnings will be greater over time and the clients debt service costs/needs will be addressed appropriately.

www.businesscapitalconsultants.com

[AndyYSCISOdept]

Whoa, did you just drop every Financial vocab word ever in that post? LOL JK

[bdshaw]

I agree with Richard and this deal should have been put to bed by now.
If they are factoring and taking advances they probably would not qualify for a resonably priced loan.
The solution is with the factor is not fully advancing agains the recevables.

[KM_Superior]

Hello,

i have a trucking deal right now that is looking to consolidate or for a first position. She currently has 3 other advances totaling around 30k in total. She ended up dealing with a broker that said he would pay them all off but instead he stacked her. She is a great merchant and has never missed a payment. She does about 130-150k on average. Anyone out there willing to take this deal on?

Total balance is so low a consolidation should definitely be doable while still netting at least 50%. Superior could get this done-

[VFG]

If your client is open to factoring we can advance up to 95% of their outstanding receivables and take care of the open balances. Let me know if interested.

Good luck!

[kmacdonald]

WBL loves trucking companies, and we are great with consolidation, no specific net %. I would love to take a look at this for you. My email is kmacdonald@wbl.com and direct line is 860.436.2183 . Contact me!

[Chambo]

and we have a NEW WBL'er on the boards

[AndyYSCISOdept]

Hey admin, can we get a ruling on duplicate posts on this...? Im just saying, Its my birthday and reading duplicate posts was the last thing I wanted...just saying

[admin]

Hey admin, can we get a ruling on duplicate posts on this...? Im just saying, Its my birthday and reading duplicate posts was the last thing I wanted...just saying

which posts are duplicates?