Announcement

Collapse
No announcement yet.
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Anyone willing to fund a trucking company with 7 current positions?

    I have a merchant doing 200-250k per month with sufficient room for another position. The problem is none of our lenders will fund a possible 8p currently or consolidate.

  • #2
    This is a phony post, correct? A business with 7 POSITIONS and you think they have room for an 8th?
    Assume that each position is only taking 10% per day, that would be 70% of the Gross Revenue.


    The business is out of business unless they have enough collateral and can consolidate into a somewhat
    normal long term loan. You are not helping this merchant by even thinking about an 8th position.

    Have them apply for the EIDL & PPP - maybe that will provide a little relief and pay off an MCA or maybe several. SBA 7(a) is a possible if they showed a profit or close to a profit in the last 2 years.
    Dave Lambert
    FC Financial LLC
    1-727-291-7890
    dave@fcfinancial.us
    Skype: fc-financial

    Comment


    • #3
      Well, 7 positions and looking for an 8th. They do seem to be a bit over leveraged.
      Give me a call or send me an email with the complete story and perhaps I can advise you on a more productive way for you to service this client.

      J.R. Sims
      Capital City / JRS Asset Group, LLC
      Toll Free: 877-215-2882
      Toll Free Fax: 888-254-2751


      Comment


      • #4
        Originally posted by fcfinancial View Post
        This is a phony post, correct? A business with 7 POSITIONS and you think they have room for an 8th?
        Assume that each position is only taking 10% per day, that would be 70% of the Gross Revenue.


        The business is out of business unless they have enough collateral and can consolidate into a somewhat
        normal long term loan. You are not helping this merchant by even thinking about an 8th position.

        Have them apply for the EIDL & PPP - maybe that will provide a little relief and pay off an MCA or maybe several. SBA 7(a) is a possible if they showed a profit or close to a profit in the last 2 years.
        I understand your point and usually do not recommend that as a possible option for merchants. She has already completed her PPP app and needed some additional $$$ in the meantime.

        Comment


        • #5
          Hi.

          I may have an optiion for the trucking company. Please contact me to dicuss.

          Thank you

          Comment


          • #6
            Can anyone recommend an mca lead source?

            Comment


            • #7
              We just reversed a merchant with 9 positions and he's trucking as well and found room to give him money. I'd be happy to take a look at this. Info@funding-zone.com

              Comment























































































































              Working...
              X