Factoring Company

Discussion in 'Ask An Owner Operator' started by albloomfield, Jul 8, 2022.

  1. Chuck579

    Chuck579 Light Load Member

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  3. Chuck579

    Chuck579 Light Load Member

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    They call me 3 or 4 times a week but they haven’t ever offered me a coke. At least Pilot / Loves still offer me a coke.
     
  4. Deadwood

    Deadwood Medium Load Member

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    The factoring company, CoreFund Capital, just doubled the line of credit for a Canadian freight forwarding company from $12 million to $25 million in late 2020 as they were struggling with issues of Covid delays moving goods between Canada and the US. Canada requires vaccination to enter the country and has had a notoriously hard line Covid stance.

    My conjecture: CoreFund Capital is a hard money lender. You don’t go to hard money lenders to borrow $25 million unless you absolutely have to. Perhaps CoreFund got greedy and strangled on a loan that that was too big for them.

    CoreFund Capital, LLC Provides $25 Million Credit Facility for International Freight Forwarder

    CoreFund Capital LLC | Better Business Bureau® Profile
     
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