I am working with a fuel transportation company in Florida with gross revenues of $12MM. Merchant took out 3 MCA loans with a broker who stacked them within 5 days of one another for a total funding of $450k. Merchant owes about $325k now, and is trying to roll them into 1 new loan in the amount of $500k. Excellent cash flow, and is currently paying $88k/MO on those 3 loans. Owner has 630 credit score, however has a personal tax lien in the amount of $500k from several years ago which is currently in a documented repayment plan with proof of payments. Business had a CH11 in 2008 with successful completion in 2012. Company delivers all over the SE US, has over 100 trucks/trailers. Anybody knows who will fund this type of loan?
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Hello,
I can definitely funding this for you, our private equity group specializes in these types of deals. Please email me at newstarfunding@gmail.com
Thank you
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Originally posted by sigmund@laynecap.com View PostI am working with a fuel transportation company in Florida with gross revenues of $12MM. Merchant took out 3 MCA loans with a broker who stacked them within 5 days of one another for a total funding of $450k. Merchant owes about $325k now, and is trying to roll them into 1 new loan in the amount of $500k. Excellent cash flow, and is currently paying $88k/MO on those 3 loans. Owner has 630 credit score, however has a personal tax lien in the amount of $500k from several years ago which is currently in a documented repayment plan with proof of payments. Business had a CH11 in 2008 with successful completion in 2012. Company delivers all over the SE US, has over 100 trucks/trailers. Anybody knows who will fund this type of loan?Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
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Sir, we could definitively HELP YOU! Please email me at financierinvestmentgroup@gmail.com, for send our application and return back with last 4 month bank statements.
Thansk
Elgin Cepeda
Financier Investment Group
Phone #206-203-1520
Email: financierinvestmentgroup@gmail.com
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Hey Sigmund, we can give this a shot if you're still in need? Doubtful since it's been a while since your original post, but nonetheless just let me know if you're still needing assistance with this. Best - Ryan
Direct: 913.787.2217 | rridgway@capitalwithstrategy.com | www.capitalwithstrategy.comRYAN RIDGWAY Managing Partner, Strategic Capital
Office: 800.440.6448 | Direct: 816.298.0966 | Fax: 816.298.0857
10551 Barkley St. Suite 403 Overland Park, KS 66212
rridgway@capitalwithstrategy.com | www.capitalwithstrategy.com
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Originally posted by sigmund@laynecap.com View PostI am working with a fuel transportation company in Florida with gross revenues of $12MM. Merchant took out 3 MCA loans with a broker who stacked them within 5 days of one another for a total funding of $450k. Merchant owes about $325k now, and is trying to roll them into 1 new loan in the amount of $500k. Excellent cash flow, and is currently paying $88k/MO on those 3 loans. Owner has 630 credit score, however has a personal tax lien in the amount of $500k from several years ago which is currently in a documented repayment plan with proof of payments. Business had a CH11 in 2008 with successful completion in 2012. Company delivers all over the SE US, has over 100 trucks/trailers. Anybody knows who will fund this type of loan?
If he is trucking- he should also look into factoring as an option than taking any further advances after he gets this all wrapped up. Contact me if you need a place for this. I don't broker but I can at least set you up with the right outlet to do it.
Amanda Kingsley
Regional Director of Sales
PSC (PSCNY.US)
m: 321-750-5710
e: akingsley@pscny.us
e: Admin@sendto.capital
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Hey Sigmund,
I just got on board with a new lender who specializes in consolidation loans. We just funding an outpatient medical client with the same ballpark financials and we were able to get him an additional 300k. Email me ngrandison88@gmail.com
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