Who still funds trucking?
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  1. #1

    Who still funds trucking?

    I have been seeing a lot of trucking files the last few days. I usually don't waste my time with less than two trucks on the DOT but have been seeing higher quality logistics files.
    What lenders are still funding trucking with reasonable rates and terms?

  2. #2
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Forward I believe and definitely Everest
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  3. #3
    Try Rapid

  4. #4
    Overnight Capital is Actively Funding trucking files
    Avi Joseph
    Overnight Capital
    (929) 205-8201
    www.overnight-capital.com
    Avi@overnight-capital.com

  5. #5
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    Lending Valley is still funding trucking files.
    Clark Sica
    Business Development Manager
    Lending Valley, Inc.
    Office Line: 347-478-5161
    Mobile Line:347-536-0528
    Fax: 1-888-850-1971
    www.LendingValley.com

  6. #6
    forward (they dont prefer it) but they do it, Everest, capitalize, American choice capital, and I think delta bridge but not sure about them

  7. #7
    Member Reputation points: 179 fundfialex's Avatar
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    We fund trucking.

    Requirements : 100,000 monthly + , national bank , 10 trucks.
    FUNDFI
    Alex Davis
    Director of ISO relations.
    Alex@fundfimerchantfunding.com


    www.fundfimerchantfunding.com/
    https://www.linkedin.com/company/fundfi-merchant-funding/
    Office Number : (929) 277-0182

  8. #8
    Senior Member Reputation points: 10476
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    Quote Originally Posted by AGuyWhoFunds View Post
    I have been seeing a lot of trucking files the last few days. I usually don't waste my time with less than two trucks on the DOT but have been seeing higher quality logistics files.
    What lenders are still funding trucking with reasonable rates and terms?
    I will as long as they have at least 3 trucks on the road and been in business for at least over 1.5 years. Plus they are willing to take a 6 month deal but will work like a line of credit with add on renewals.

    Scott Platto
    scott@tmrnow.com
    www.tmrnow.com
    212-220-9872

  9. #9
    Senior Member Reputation points: 70182
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    Copy Paste of my post earlier on a different thread:

    We fund ALOT of truckers - feel free to reach out, ill have an iso rep appointed to you.

    Some more info:
    1: Must have Factoring in Place
    2: Minimum Revenue of 20k per month
    3: Maximum Revenue of 100k per month
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  10. #10
    Quote Originally Posted by seasonedfunder View Post
    forward (they dont prefer it) but they do it, Everest, capitalize, American choice capital, and I think delta bridge but not sure about them
    Delta Bridge doesn't anymore

  11. #11
    Senior Member Reputation points: 18841
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    I have a great trucking file - 99 years in business, 30,000 trucks. Recently changed their corporate structure but it's a fantastic industry.

  12. #12
    Senior Member Reputation points: 71496 Olderguy's Avatar
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    Quote Originally Posted by mca2150 View Post
    I have a great trucking file - 99 years in business, 30,000 trucks. Recently changed their corporate structure but it's a fantastic industry.
    1. Master equipment funding package.....same bank, nothing else needed - fund on invoice -

    Here's an example for a smaller client:

    We propose establishing a Master Finance account. This facility will not only cater to the current financing need but also future requirements, functioning similarly to a line of credit, albeit exclusively for equipment acquisitions.
    From the data already in our possession, we can offer you a master line of credit up to $250K. However, providing additional financial statements could potentially raise this limit to $500K.

    Please let us know your level of interest in this Master Finance account and estimate the amount you anticipate needing for equipment acquisitions for your company over the next six months.

    2. SBA 7A - Can also do a SBA 504 for equipment - but:

    The Jobs Act also established for applicants for the SBA's Business Loan Programs an interim alternative size standard of not more than $15 million in tangible net worth and of not more than $5 million in the average net income after Federal income taxes (excluding any carry-over losses) of the applicant for the two full fiscal years before the date of the application.

    3. May have private money available if had more information.

    Reach out if you want help with this....
    Last edited by Olderguy; 08-08-2023 at 11:39 AM.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  13. #13
    Eminent still funds trucking with over 75k in revenue,
    Email me alex@eminentfunding.com to get started with iso agreement.

  14. #14
    Senior Member Reputation points: 27981
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    Quote Originally Posted by Olderguy View Post
    Reach out if you want help with this....
    I think this was jokingly referring to Yellow.

  15. #15
    We've always done larger transportation and trucking
    Email me iso@seabrookfunding.com

    Sara

  16. #16
    Senior Member Reputation points: 35189
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    Quote Originally Posted by seabrookfunding View Post
    We've always done larger transportation and trucking
    Email me iso@seabrookfunding.com

    Sara
    Whats your direct line "Sara" my brokie friend?

  17. #17
    Yes that's right! We FUND TRUCKING AND CONSTRUCTION! Come on lets chat!

    Minimum Monthly Rev: 25,000
    Maximum Funding Amount: 1,000,000
    Buy Rate: 1.20 - 1.42
    Maximum Up Sell: 15%
    Minimum Time in Business: 1 Year
    Minimum Average Bank Balance: $1,000
    Minimum Fico: 550
    Expected Terms: 4-12 Months
    Maximum Negative Days: 5
    Minimum Deposits Per Month: 5
    Minimum Ownership %: 51

    *B PAPER ONLY*
    We will mainly offer daily payment options, Weekly are possible but is on a strict deal to deal basis! We Fund Trucking, Construction, Cannabis, Lawyers, Puerto Rico, Restaurants and much more!

    Nicholas Curcio
    O: (888) 425-2825
    C: (631) 942-3364
    E: nicholas@greenbuckcapital.com
    www.greenbuckcapital.com

  18. #18
    We fund trucking with a minimum rev of 200k, and 3-5 trucks
    Contact me

    Ben Allen
    InstaFund Advance
    ISO Relations Manager
    E: ben@instafundadvance.com

  19. #19
    We fund trucking 100k min rev, 6 trucks min.


    Tai Halberstadt
    OnTap Capital
    Tai@ontapcap.com
    929-577-9240

  20. #20
    funding trucking!!!!!!

    Jacob Barr
    Overnight Capital
    ISO Relations
    (929) 205-8207
    (929) 665-3993
    jacob@overnight-capital.com
    www.overnight-capital.com

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