[Sachip24]

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?

[FundMerchantsNow]

I have some options that will work. We are direct and what does he need the money for. I can fund him in 24 hours if the file looks good. Send to sbatchelor@wbl.com 860-969-0103

[bdshaw]

If you give me your contact information I'll give you contact information for a few people who can, through a sale and leaseback, effectively refinance the trucks.
Thanks, Bob Shaw

[GMFunding]

Just recently got one approved for $150K/24 Months/1.50/Monthly Payments - The borrower ended up taking a 7a but we were able to use the trucks as collateral.

PM me if you'd like, note I'm not a direct lender in this scenario.

[Sachip24]

thank you all.

[WestCoastFunding]

I have some options that will work. We are direct and what does he need the money for. I can fund him in 24 hours if the file looks good. Send to sbatchelor@wbl.com 860-969-0103

WBL funds using trucks as collateral now? Next day funding? When did this happen?