Trucking
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  1. #1

    Trucking

    Nov- 227,260.94 Neg days- 1
    Oct- 214,559.99 Neg days -0
    Sep- 185,296.29 Neg days- 1

    Has two balances; 1.approx 45 left on a 92 purchase price back in sep
    2. 93 left on a 112 purchase price end of nov

    The first one was is .5 through, would ideally like to buy that and net additional capital.

    Send me a pm for any additional info needed. Thank you in advance

  2. #2
    Sorry, this should be in the deal bin.

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
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    so merchant is averaging $209K a month, but has 138K in balances remaining?

  4. #4
    Veteran Reputation points: 135672 Chambo's Avatar
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    and those Sept & Nov deposit totals are skewed, because they include two of his MCA deals

  5. #5
    They've been accounted for

  6. #6
    Senior Member Reputation points: 7360
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    Hey TMR -

    If this fellow is genuinely doing what appears to be $2.5MM annual and is profitable with typical margins for the trucking industry (I have funded a lot of truckers) I would be interested in discussing.

    Full Disclosure: I would need to pay off both balances and end up in first position. But he would end up with a monthly payment instead of daily, with attractive pre-payment discounts if he pays off early.

    Reach out to me if you would like to discuss!

    Best,

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

  7. #7
    Veteran Reputation points: 135672 Chambo's Avatar
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    I told him to give you a ring Dan when he inquired. You're the only one I have heard of who will do something like this

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