[BW Capital Solutions]

Trucking Company - TIB 3+ years - Mid 500's Credit - Deposits over $150K each month - Decent balances - Looking for $50-75K for no longer than 30 days.

Already approved for $75K but the lender doing the loan wants somewhere in the neighborhood of $9,000 for the cost of money. Can anyone do it cheaper for a 30 day note?

[Kevin Henry-Seacoast]

Would they consider factoring their receivables?

[BW Capital Solutions]

Possibly...He does have some outstanding receivables to the tune of $70-80K a piece

[Kevin Henry-Seacoast]

Please give me a call when you are free. 561-623-1872

[VCF]

Just sent you an email.
Let's chat.

[freddy]

We work with a variety of invoice factoring companies (IFC) to fund businesses. Works like an credit card split. On each invoice the IFC pays the business on, a specific amount is sent to us to pay down the funds. We currently work with seven factor companies and have the ability to set up businesses who qualify with IFC's.
Feel free to reach out for more information

[Cfairbank]

What are the use of proceeds? We can go as low as 1.08x but won't be able to do that with up front 5% commission.

[BW Capital Solutions]

He's using the funds to bridge a gap in his pay cycles. He was used to getting paid every week...but recently it switched to every three weeks.

[Cfairbank]

As Kevin said, he is probably best suited for factoring, but we are happy to take a look if factoring won't work.