2MM a Month looking for 500k LOC
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  1. #1

    2MM a Month looking for 500k LOC

    Any suggestions? Looking for something that at least masquerades as a LOC. Great banks, Great Taxes, Great Financials, not so great industry Trucking.

    Forget factoring or collateral angles. Breakout has a rockstar product but 200k Cap, On Deck is capped, Kabbage is for suckers and they're capped.

    Anybody doing some multi-disbursal stuff, or as you pay in you have access to that, etc. that goes to 500k?
    Last edited by PJLamar38; 02-02-2017 at 07:02 PM.

  2. #2
    Senior Member Reputation points: 68233
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    There are several products that address this- and fairly swiftly as well.. Does the client have any other debt? They likely do if they are doing $2M per month- that is the issue.

    Their assets (Machinery and Equipment, Inventory, Receivables etc.) are what a lender will write an LOC off of. If they do not have the right to convey the asset (leverage it) traditional lenders will not write a check.

    Question is: without collateral why would someone give folks a LOC in an industry that many lenders feel is risky?

    ACH is best the way to help these folks- and they need to understand that...

  3. #3
    MultiDisbursal product, not a true revolving LOC. Thanks for the input though.

    I've got this one wrapped up already.

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