Behind the Deal: Kenworth T610, $80K, still earning
Same idea as a home equity loan, with two differences. A transport operator needed $80K in working capital. They owned a 2019 Kenworth prime mover outright. ABL released the equity, fitted a GPS tracker, and the rig kept running its routes. The security was the truck. The truck kept earning while the loan ran. The […]
Behind the Deal: The Hustler 50 Monster and the 48-hour close
Same idea as a home equity loan, with one difference. A business needed $150K in working capital. They owned a 50-foot Hustler powerboat outright. ABL released the equity from the boat, funded the deal, and held the asset for the loan term. The security was the boat, not the family home. The Asset 50-foot Hustler […]