[HonestPerson]

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

[Money2Fund]

sent you a private message

[SBF]

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.

Thanks

You may want to try Rich at Discount Merchant Funding.. good funding co, IMO. They are okay with Trucking and seem to have a common sense underwriting approach.
T: 631-438-0566
C: 516-523-0439

[pmoney]

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.

Thanks

We can absolutely work with the deposits and credit. If they have real estate (land, commercial, residential, or a combination) which can be pledged as collateral then I'd definitely like to learn more and weigh out some options. Let me know if I can help, 201-210-8552 or paul@oracleloans.com

[1StopFunding]

Wall, Smart Business, Credibly, Fox Funding, Lendini

[mcaguru]

All the above groups can help get a deal like that done!!


If your still having trouble then reach-out to Cresthill Capital since we probably have one of the largest funding portfolios in the Trucking/Transportation space.

Sign-up
bizdev@cresthillcapital.com

[KM_Superior]

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

Trucking is one of our most frequently funded industries at Superior. Based on his current revenue trend I am sure we can consolidate this deal for you.

[bdshaw]

Hi....regardless of how you make out with the advance you might also consider our factoring program. Trucking is one of our most successful portfolios.
Bob Shaw
734-929-3800
rshaw@millenniumfundingysa.com