Quote Originally Posted by Barbarag View Post
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.
Why not use equipment financing? Avoid the short term debt wait till positions fall off and keep him at the B lenders in 3-6 months? **if credit is decent of course**