Results 1 to 9 of 9
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02-19-2016, 05:13 PM #1
- Join Date
- Jul 2015
- Posts
- 23
Trucking Consolidation Deal depositing 1 million a month
I am looking for a lender who would be willing to fund a trucking company that has seven positions. Two positions will be paid off in a week. The current balance is around 220k. The client is depositing about a million a month. He wants to pay off his balances and net additonal 100k plus. The client has offers but is looking for weekly payments. No real estate.. Any Takers?
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02-19-2016, 05:19 PM #2
- Join Date
- Mar 2015
- Posts
- 9
How many trucks does he have? PM your contact info or any additional details. We may be able to do something.
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02-19-2016, 05:38 PM #3
- Join Date
- Sep 2015
- Posts
- 36
pm sent.
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02-19-2016, 05:50 PM #4
- Join Date
- Sep 2014
- Posts
- 263
Does he own any trucks or trailers that are not financed? If he does I have 4 options and if his credit is over 680 he can refinance everything with an SBA loan.
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02-19-2016, 05:54 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Trucking Consolidation Deal depositing 1 million a month
Is this the deal that you called me about today?
Bob
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02-19-2016, 05:55 PM #6
- Join Date
- Nov 2013
- Posts
- 598
Is this merchant in California and go by the name a of a certain mythological creature??? If so PM me I know all about this guy...
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02-19-2016, 06:37 PM #7
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
You should reach out to Dan Page - Sounds right up his alley.
Dan Page
dan@fundingstrategypartners.com
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02-19-2016, 07:00 PM #8
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Lots of long term choices out there for something of this size. How do the EBITDA #'s look? At $12M there might several Senior Debt and/or Junior Debt options AT INTEREST RATES LESS THAN 10%..
Terms MUCH LONGER than the 18 month maximum for the people recommended on this thread. All about the data..
While the revenue is huge for the Cash Advance space it is a small to mid size business. Would be happy to assist if you would like some help..
Richard 516 510 3855
www.businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
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02-19-2016, 07:01 PM #9
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Thanks Rick :-)
WayUp- Feel free to reach out. I have consolidated/cash out a number of trucking companies like what you are describing.
Feel free to reach out by email and we can continue there.
That stated, FCF Fund has me wondering about the CA mythological creature company. :-)
Best,
Dan Page
dan@fundingstrategypartners.com
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