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

[Motion Services]

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.

[fcfinancial]

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.

[Future]

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

12810 Crossroads Drive

Suite 4000

Madison Wisconsin 53718

Toll Free: 877-215-2882

Toll Free Fax: 888-254-2751

Email: simsj@jrsag.com

[Motion Services]

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.

[Ambassador Equity Group]

Hi.

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

Thank you

[Petalmiguel1]

Can anyone recommend an mca lead source?

[FundingZone]

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

[Moneyforyourbusiness]

I have a merchant with 4 positions and needs a fifth. There are businesses with room for 5 - 7 positions. You are always tell newbies in this industry - anything is possible if the revenue is there.