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  • Need help funding a transportation company!

    Customer has $250k in balances, doing about $340k per month, 700+ credit, almost 20+ years TIB

  • #2
    Good day,

    I would want you contact Mr Magboul from the TAIC team. He can guide you through this processes.

    Contact: taic.a.magboul1@gmail.com

    Comment


    • #3
      If the client has collateral to pledge with enough "net equity," we should be able to do something. Feel free to reach out when you get a free minute.

      Michael Bernier
      ISO Relations | Grand Capital Funding
      P: 201.273.9162 | C: 860.916.2158
      E: MikeB@GrandCapitalFunding.com

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      • #4
        @edram11, you probably need to go towards factoring his invoices. Let me know if your client is interested in that and I'll hit you with some numbers.

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        • #5
          Originally posted by edram11 View Post
          Customer has $250k in balances, doing about $340k per month, 700+ credit, almost 20+ years TIB
          This can be a great fit for Fundkite. Besides taking our ISO's to Metlife Stadium, we fund 1st-4th positions, along with offering full, partial AND reverse consolidation programs.


          Mark Fuchs
          ISO Relations, FundKite
          29 W. 17th Street, 7th Floor, New York, NY 10011
          direct:929-999-6400/tel: 212.952.0001 ext: 1018 /fax: 212-409-8426
          web: https://FundKite.com
          Last edited by mark-fundkite; 12-14-2017, 04:51 PM.

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          • #6
            Originally posted by edram11 View Post
            Customer has $250k in balances, doing about $340k per month, 700+ credit, almost 20+ years TIB
            Edram11-You should really consider factoring their AR. We don't chase many transportation related deals, but would be happy to take a look. kevin.henry@seacoastbf.com

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            • #7
              Hey this is Kyle at xFunder. I work on the property loan team here and if your client has a property with a lot of equity we can help with this type of solution:

              Property Loans
              1-2yr balloons
              10-14% interest rates (typically 12%)
              Monthly interest only payments ($1000 p/mo per $100,000 borrowed)
              $200,000 to $20,000,000
              No credit or income qualifying - typically
              No concern about MCA guidelines

              Find out about all the properties they own.
              The addresses.
              They value for each.
              How much they owe.
              And the target loan amount.

              These are first mortgages and we will need to payoff any mortgage in place but we are helping people with better loans - freeing up cash flow and making our broker partners higher commissions!

              Call or email me with any questions.

              850.637.9684
              kyle@xfunder.solutions

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              • #8
                FundSoFast can offer 3rd -5th positions and pay up to 12 points, if the merchant has positive balances.

                Email info@fundsofast.com for an ISO agreeement

                Comment


                • #9
                  Hey if you want me to look at factoring your client still give me a holler matt@ironwoodfinance.com. I'll shoot you what I can do by today if you get back to me his A/R list and his statements w/app

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                  • #10
                    We specialize in trucking and transportation. Let me know if I can help

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