[moneygreen]

I have a guy who averages 200k a month,trucking,650 credit. Has 26k balance on his first and 40k balance on his second. Looking to pay both off and net about 100k or something close to it. Any suggestions??

[Synergyandre]

Call Andre at Synergy Direct Funding, 866-428-0172. i can get him enough to pay off current positions and have left over capital.

andre@synergydirectfunding.com

[MikeC524]

I can look at this file for a consolidation if the banks are clean and he is on time with his current payments. Also would the merchant consider either a new second paying off one or even consider a 3rd?

Mike@samsonfunding.com
347-492-1801

[moneygreen]

He will only take a first. i already have an offer him getting 140k 12m netting 70k but he wants to net close to 100.

[Synergyandre]

Then you should give me a call...866-428-0172.....let me take a look and im sure i can get him to the 100k.

andre@synergydirectfunding.com

[mcaguru]

Try other options.....If all else fails reach out to cresthill Capital..Keep in mind majority of our funding's NEVER require COJ's ... 3 hour offers and fewest stips.

[FundingCzar]

Quarterspot.

[PMGBusCap]

Call me 973-944-0646 we can give him a first position and be almost have the price as everyone else. Its our money so we won't up charge 10-15% like the rest of them.

[dpFund]

If he is profitable and his numbers check out, I regularly fund truckers. We do not stack, but rather we pay off all MCAs and provide cash out. I am a direct funder.

Monthly Payments
$100k Minimum Funding, $2MM Maximum
Early payoff any time after six months with no fees, penalties or interest

Feel free to reach out if you would like to discuss.

Best,

Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280

[bdshaw]

I have a guy who averages 200k a month,trucking,650 credit. Has 26k balance on his first and 40k balance on his second. Looking to pay both off and net about 100k or something close to it. Any suggestions??

Good morning Moneygreen,
You may be able to get the best of two worlds by exploring the Delancey Hybrid. A combination of an unsecured loan and traditional factoring with both products generating ongoing monthly commissions.

Bob Shaw
Delancey Funding
rshaw@delanceyfunding.com
734.929.3800
backup- rshaw@advancecredit.com

[RichardGerard]

Moneygreen,

What is the entire debt structure? Does the client have a factor AND the advances? If he does it will be more challenging for the folks here to assist as the factor likely has 85% of the receivables encumbered (estimated 255k on 1.5 months of sales) and the 2 positions put them into an overleveraged situation.

There are Professionals here that can assist- just need to understand the specifics..

[John Galt]

My factors are at 90%. Customer pays them and 4-6% above libor. Some above prime.

[RichardGerard]

I'm sure John Galt will agree, Factor rates vary, and are based on several nuances which include: Industry type, relationship longevity, source of funds, and client credit insurability- with some advance percentages going as high as 97%.

Merely trying to get a full picture from Moneygreen as to where the client is at the present time- and what options are available.

[bdshaw]

You are correct Richard. There are a number of options some of which will pay more commission to the ISO than a straight advance. The more information we receive the more options may be available.
I also know a few truck factors that use similar advance rates.
Trucking accounts receivable may be the lowest risk industry to finance. However to get that advance and inexpensive pricing structure the customers must be A credits.
Bob

[ThePete'ster]

we fund 2nd postion - unlimited. We do paper b-f. As long as it makes sense we will do it!. Up to $1 million

we also prefer to throw weekly offers before daily as well as monthly


we also do reverses with unlimited positions!


we pay 8-10 points on all deals


please send me an email at to onboard
pete@adventurefundings.com
and cc
newdeals@adventurefundings.com