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12-07-2015, 02:32 PM #1
Reputation points: 10
- Join Date
- Aug 2015
- Location
- New York
- Posts
- 15
Lender for Trucking Deal
Industry = Trucking
FICO= 550-600
Advances = 3 balance total btwn EBF, WG, LG 25-30K
Problem with this deal is last year revenue is only 200K, Last 5 months show the following deposits. Not the greatest margin, ending balance around 3-5K. Looking to consolidate and net.
80K July
120K August
250K September
480K October
720K November
Had signed contracts for 1st pos. declined after they saw they only made 200K in 2014.
EDIT: Merchant has relatively low daily balance which is main reason why deal is hard to place.
ThanksLast edited by HonestPerson; 12-07-2015 at 10:36 PM.
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