[dpFund]

I have a trucking firm that is consistently depositing north of $1M monthly.

They have $370k of MCAs out there, eight positions I think. They are paying $8,500 daily ($178k monthly) and looking to consolidate all of it.

I was pretty excited about the file since it is right up my alley and I could save them a TON of money on payments. But I have to base my underwriting on their financial statements and net income, and it is not a fit. Net income is positive, but not high enough for my model.

Thought I would reach out to see if anyone might be interested. Not a fit for Power Up since I don't think they do trucking.

And no...no real estate. ;-)

If you think you might have a real home for this, please email me.

I am OK with a broker if you have a REAL fit and not just going to shop the heck out of it, acting like they are your client. No time wasters please, but if you think you can truly get it done, let's talk!

Best,

Dan Page
dan@fundingstrategypartners.com

[bdshaw]

Dan, how about an ABL using the receivables and equip ment for collateral?
Bob?

[dpFund]

Dan, how about an ABL using the receivables and equip ment for collateral?
Bob?

Hi Bob,

Fair question. The client has $3.271M of Machinery and Equipment listed on their balance sheet, with long term liabilities attached to that equipment of $2.478M.

Given that ABL lenders will work with liquidation value, do you think there is enough there?

If so, please email me rather than discuss here.

Thanks,

dan@fundingstrategypartners.com

[RichardGerard]

Hey Dan.. Hope all is well.

Again Bob is right.. The reason companies go the ABL route is that they aren't bankable in a traditional sense. My first instinct is that they likely have a Factoring relationship in place- but they have a significant amount of slow paying clients- creating the need for the 370 in ACH debt..

If that's not the case, there are numerous firms that people like Bob and I work with that would be happy to clean up most of the ACH debt (if not all). The issue is the receivables- and more importantly- the quality of the paper. If they're averaging $1M per month they likely have 1.5 out on the street. How much of that is to 90 days? Is there bad debt on the balance sheet to prop them up?

Believe it or not these types of deals are straightforward and easy.. Touch base if you don't have any takers!

Richard 516 510 3855

www.businesscapitalconsultants.com

775 Park Avenue Suite 255
Huntington, NY 11743