Logistics Company $8 Mill Gross Annual
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  1. 02-12-2020, 09:56 PM #1
    lsone
    lsone is offline
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    Logistics Company $8 Mill Gross Annual

    Looking for 500K, merchant wants to consolidate some MCAs and net some capital.

    Credit 790
    Monthly Deposits approx 800k
    Average Balances approx 100k

    Has 2 MCAs totaling about 27K in payments a month. (one weekly, one daily)
    1 monthly loan paying 24K monthly. (approx 320K balance)
    1 monthly loan paying 4.5k monthly


    Ideally wants to pay off the 2 MCAs and 1 monthly total balance approximately 150k and net the rest. Leaving 1 monthly loan which is at about 320K. Anyone do this?
    Last edited by lsone; 02-12-2020 at 09:58 PM.
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