Client looking for $1mil line of credit
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  1. 04-07-2016, 04:56 PM #1
    Jplummer
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    Client looking for $1mil line of credit

    I have a client who is a FedEx contractor who owns around 60 routes and is looking to buy more. Last I checked credit was around 700 4 years TIB. Wants to use the line to purchase more ISP routes. Very profitable however kind of a weird structured company. Any thoughts?
    Jim Plummer
    Quality Leasing Co., Inc.
    A Tom Wood Automotive Company
    Office: 317-253-4415
    Direct: 317-845-8768
    Fax: 317-688-6420
    Cell: 317-512-9618
    www.qualityleasingco.com
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  2. 04-07-2016, 05:10 PM #2
    Hedley Lamarr
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  3. 04-07-2016, 05:12 PM #3
    bdshaw
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    Client looking for $1mil line of credit

    Where in what way?
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  4. 04-07-2016, 06:58 PM #4
    MikeC524
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    Client looking for $1mil line of credit

    What are they averaging per month

    Mike@samsonpartnersllc.com
    347-492-1801
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  5. 04-07-2016, 07:19 PM #5
    bdshaw
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    Client looking for $1mil line of credit

    . Jim, I believe there are abl lenders that would place a dollar value on the routes themselves.
    Thanks, Bob
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  6. 04-07-2016, 10:34 PM #6
    dpFund
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    Hi Jim,

    I am a direct lender and may very well be able to help your client, most likely by leveraging the revenue from your client's existing Fed Ex routes to purchase the additional routes he desires.

    Let's touch base on Friday, if possible.

    Thanks,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com
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  7. 04-08-2016, 10:33 AM #7
    brokerCompany
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    Dan you actually going to offer a line of credit or just an advance with monthly ACH.. Don't think this merchant will get a LOC. He can sure get other money. But if someone actually does a LOC for him let us know
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  8. 04-08-2016, 11:46 AM #8
    dpFund
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    Quote Originally Posted by brokerCompany View Post
    Dan you actually going to offer a line of credit or just an advance with monthly ACH.. Don't think this merchant will get a LOC. He can sure get other money. But if someone actually does a LOC for him let us know
    My funding structure is not a traditional line of credit, but a lot of our clients effectively treat us as a line of credit, using our funds over and over again. That stated, we are structuring a funding for a large law firm right now that looks a lot more like a LOC, so there is some gray area there.

    If I read this correctly, what this client is looking for is very similar to what we have done multiple times for other clients, wherein a client is growing healthily, has solid revenue coming in, and needs help to grow to the next level. Essentially, we are leveraging the existing revenue to fund future growth.
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  9. 04-08-2016, 01:42 PM #9
    bdshaw
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    Jim, there are several options here. I think what's best for your client may boil down to how long he needs for the routes to pay for themselves.
    Bob
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