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09-21-2020, 05:07 PM #1
- Join Date
- Jun 2016
- Location
- Brooklyn
- Posts
- 54
MERCHANT LOOKING FOR SOME CONSOLDATION ON 550K in MCA LOANS
Merchant has outstanding loans with Altria, Knight and one other MCA of 550K. Merchant does about 1 million a month. He is is in trucking/oil. Has strong AR but does have credit line/loan with his bank in first position so some type of traditional loan consolidating doesn't work. Revenue is strong but main accounts sweep so balances always look off. Looking for a consolidation of not all but maybe two positions, the two lowest being at 117K and 150K. Good credit and strong payment history over the years.
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