Results 1 to 6 of 6
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06-20-2016, 11:55 PM #1
Reputation points: 10
- Join Date
- Jun 2016
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- 2
An Impossible deal?
I will try to just keep it to the basic highlights. Read the last few sentences at the bottom if you bore easy.
Had a list of small truck companies that I called. One had sold their trucks, but they were looking for a Dually for local hot shot loads (diesel pickup with a 5th wheel). Strictly intrastate. I sent them an email with an app attached. I told the person that there usually needs to be at least 3 months banks and an EIN #. It turns out that both he and his brother had the business together with about 4 trucks (larger 18 wheelers, but driver retention was horrible and they downsized it to 0).
The brother sent me his banks from another business he has (I need to see June). Had 29 deposits in May for 60k and 22 in March for 94K. Problem is that his business is a tax preparer, insurance, which is on most restricted lists. Anyone that would do a deal for 50K?
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06-21-2016, 12:31 AM #2
Reputation points: 23718
- Join Date
- Jul 2014
- Posts
- 1,746
..
Last edited by FUNd; 06-21-2016 at 03:47 AM.
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06-21-2016, 11:05 AM #3
Reputation points: 3956
- Join Date
- Jul 2015
- Posts
- 120
sent you a pm
Thanks
BrentBrent Goggins
Business Credit Consultants
ISO Relations Manager
Direct: 518-776-7501
Email: BrentG@bccusa.com
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06-21-2016, 01:02 PM #4
Reputation points: 4530
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
What do they plan on doing with the money Dave?
Bob
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06-21-2016, 01:51 PM #5
Reputation points: 624
- Join Date
- Nov 2014
- Posts
- 438
LoanMe doesn't have any restricted "For-Profit" Business Types. We often work with Tax Preparers and Insurance companies. With the deposits stated above, depending on the borrowers credit and internal LoanMe scoring category $50k is a possibility.
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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06-21-2016, 04:46 PM #6
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
Sign up with Cresthill Capital I have nice size portfolio of insurance/ brokerages / etc ....I like funding deals others stay away from. After all its about giving back!
Last edited by mcaguru; 06-21-2016 at 05:00 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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