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  1. 12-07-2015, 02:32 PM #1
    HonestPerson
    HonestPerson is offline
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    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.

    Thanks
    Last edited by HonestPerson; 12-07-2015 at 10:36 PM.
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