Trucking, California Guy wants @ 1.20 dont have my California Lender License Yet 1st
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  1. #1
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    Quote Originally Posted by kevinhenry0527 View Post
    Factor that! There are plenty of factors out there that like trucking. You will get the client a better and larger deal!
    Or any kind of asset backed deal. I highly doubt he is sol prop, so assuming credit isn't down the drain you could do an equipment deal with an apr instead of a factor.

  2. #2
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    Quote Originally Posted by nrh1lp View Post
    Or any kind of asset backed deal. I highly doubt he is sol prop, so assuming credit isn't down the drain you could do an equipment deal with an apr instead of a factor.
    Should be able to find a factor/abl lender that will include equipment if it makes sense.

    We don't chase after trucking companies unless they are unique and large. $400k/month in deposits is probably a $750K facility all day long....not including equipment.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
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    Quote Originally Posted by kevinhenry0527 View Post
    Should be able to find a factor/abl lender that will include equipment if it makes sense.

    We don't chase after trucking companies unless they are unique and large. $400k/month in deposits is probably a $750K facility all day long....not including equipment.
    Wasn't disagreeing with you, just adding

  4. #4
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    Quote Originally Posted by nrh1lp View Post
    Wasn't disagreeing with you, just adding
    Yep!
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

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