Results 1 to 16 of 16
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08-10-2016, 06:15 PM #1
- Join Date
- Aug 2016
- Posts
- 275
Trucking 200k Monthly
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??
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08-10-2016, 06:54 PM #2
- Join Date
- Aug 2016
- Posts
- 5
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
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08-10-2016, 07:03 PM #3
- Join Date
- Jul 2014
- Posts
- 196
Trucking 200k Monthly
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
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08-10-2016, 08:00 PM #4
- Join Date
- Aug 2016
- Posts
- 275
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.
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08-10-2016, 10:29 PM #5
- Join Date
- Aug 2016
- Posts
- 5
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
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08-11-2016, 11:28 AM #6
- Join Date
- Dec 2013
- Posts
- 4,713
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.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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08-11-2016, 01:28 PM #7
- Join Date
- May 2016
- Posts
- 148
Quarterspot.
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08-11-2016, 01:30 PM #8
- Join Date
- Jul 2016
- Posts
- 8
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.
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08-11-2016, 04:05 PM #9
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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
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08-19-2016, 10:49 AM #10
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
200K trucking company
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
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08-19-2016, 04:54 PM #11
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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..
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08-19-2016, 06:54 PM #12
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
My factors are at 90%. Customer pays them and 4-6% above libor. Some above prime.
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08-20-2016, 08:08 AM #13
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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.
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08-20-2016, 08:38 AM #14
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Trucking 200k Monthly
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
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11-19-2021, 11:08 AM #15
- Join Date
- Nov 2021
- Posts
- 22
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
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