Results 1 to 17 of 17
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07-20-2021, 05:23 PM #1
- Join Date
- Jun 2021
- Posts
- 42
400k 70 days
Have a transportation company grossing 600k monthly, needs 400k 70 days. Who can do this???
I funded this 100k 30 days and finished payments last week.
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07-20-2021, 05:25 PM #2
- Join Date
- Mar 2019
- Posts
- 253
Why was he only eligible for 100k 30 days ?
EPIC ADVANCE
Mark@epic-advance.com
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07-20-2021, 05:31 PM #3
- Join Date
- Jun 2021
- Posts
- 42
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07-20-2021, 05:52 PM #4
- Join Date
- Mar 2019
- Posts
- 253
EPIC ADVANCE
Mark@epic-advance.com
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07-20-2021, 06:12 PM #5
- Join Date
- Jan 2017
- Posts
- 385
Feel free to reach out, I can help you here.
Paul Boxer
Merchant Marketplace
Chief Operating Officer
Chief Revenue Officer
Cell: (516) 805-9209
paul@merchantmarketplace.com
www.merchantmarketplace.com
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07-20-2021, 06:18 PM #6
chances are that whoever could actually do it - is already in the deal.
Anthony Diamond
Underwriter
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07-20-2021, 06:49 PM #7
- Join Date
- Aug 2020
- Posts
- 143
This is a disaster waiting to happen
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07-20-2021, 09:45 PM #8
- Join Date
- Mar 2021
- Location
- Miami
- Posts
- 26
I've done similar deals on the Fox High Risk platform... feel free to reach out to discuss!
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07-21-2021, 08:58 AM #9
- Join Date
- Jun 2021
- Location
- New York
- Posts
- 26
Feel free to send it my way give me a call or shoot me an email, I can get this done!
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07-21-2021, 11:01 AM #10
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07-21-2021, 11:01 AM #11
- Join Date
- Jun 2021
- Posts
- 42
thanks to those who responded! I will be reaching out.
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07-21-2021, 12:13 PM #12
- Join Date
- Aug 2020
- Posts
- 143
1) transportation company
2) had 7 positions
3) still has 3 and is looking to stack again. You admitted they were overleveraged before. Did they learn their lesson?
4) Needs a deal worth 67% of their gross income
It all boils down to this - if the merchant could handle a higher advance amount, what stopped the previous 3 funders from giving it to them? Are they already at the debt service limit?
Of course there is a ton of information missing that we can't get from a quick post, but at first glance it seems like trouble.
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07-21-2021, 12:16 PM #13
- Join Date
- May 2021
- Posts
- 18
We can fund this file, send this to jack@princefundgroup.com
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07-21-2021, 01:50 PM #14
- Join Date
- Mar 2021
- Posts
- 53
Send it over. I can get this funded today
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07-21-2021, 04:51 PM #15
- Join Date
- Jun 2021
- Posts
- 42
Yes, they were at the risk of being overleveraged.. yet he never bounced or missed payments. When I first got this file he was grossing 200-300k.. now he is up to 600k.. he uses the funds every time to purchase a fleet or trucks so he instantly makes the money back; which is why he doesn't mind the short term.. When he was funded before he was only grossing 300k and already had a couple positions now his rev has doubled and positions have fallen off.Last edited by Barbarag; 07-21-2021 at 04:54 PM.
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07-22-2021, 12:42 PM #16
- Join Date
- Mar 2019
- Posts
- 105
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07-23-2021, 12:07 PM #17
- Join Date
- Jul 2021
- Posts
- 11
We can get this funded
Email me at David@fund4less.com
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