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01-04-2017, 01:13 PM #1
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- Join Date
- Jan 2014
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Trucks as collateral
Merchant has 12 trucks he can use as collateral fairly brand new 2014-2015 models. Each truck is work about $25,000. He is looking for almost 100k. His revenue about 50k monthly. Has 80k line of credit with local credit union. Did not qualify for whole amount with MCA. Can any lender use trucks as collateral?
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