[Michael Jagiello BGF]

Hello all, so I've got a trucking company in Florida looking for $250k. Does about 400k a month, average daily ledger always sits around 100k. I was in the cusp of funding the merchant 250k with GRP who gave him an 18 month deal but they killed it last minute due to the merchant having an operating loss on his P&L. He has a balance for 125k that he is looking to consolidate. Great credit, no negative days or NSFs, looking for atleast 12 months on his payback. Any help with this one would be greatly appreciated! -M

[J.Celifarco]

the 125k that he owes is form how many positions?

[Michael Jagiello BGF]

Just one

[nrh1lp]

Is he looking for cash/equipment financing? Depending on exactly what your client is trying to do their is quite a few lenders that should be able to get it done

[Michael Jagiello BGF]

He's looking to just stick to the cash advance format at this point, whatever is quickest for him. He isn't looking to pledge collateral or anything of that nature though

[Zach]

He's looking to just stick to the cash advance format at this point, whatever is quickest for him. He isn't looking to pledge collateral or anything of that nature though

If he decides he would like a larger approval with a longer term please let me know. WBL could be a great opportunity for him.