Trucking, California Guy wants @ 1.20 dont have my California Lender License Yet 1st
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  1. #1
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    Trucking, California Guy wants @ 1.20 dont have my California Lender License Yet 1st

    Trucking, needs 1.20 dont have my California Lender License Yet 1st position
    ZERO BALANCES deposits avg 400k ending balances 40k I really need a good rate on this direct funders only

  2. #2
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    i can help you. i pm you
    Thomas Enright
    ISO Relations Manager

    NJ-36, Hazlet, NJ 07730

    P: (732)917-1594
    Email: Alex@futurefunding.co
    Office: 305-677-9518
    Fax:

  3. #3
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    Quote Originally Posted by profunder View Post
    Trucking, needs 1.20 dont have my California Lender License Yet 1st position
    ZERO BALANCES deposits avg 400k ending balances 40k I really need a good rate on this direct funders only
    Factor that! There are plenty of factors out there that like trucking. You will get the client a better and larger deal!
    Hedley Lamarr......That's Hedley

  4. #4
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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.

  5. #5
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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.
    Hedley Lamarr......That's Hedley

  6. #6
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    edit - wrong
    Last edited by ryan $; 01-09-2018 at 01:39 PM.

  7. #7
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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

  8. #8
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    Quote Originally Posted by nrh1lp View Post
    Wasn't disagreeing with you, just adding
    Yep!
    Hedley Lamarr......That's Hedley

  9. #9
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    He's likely already factoring.

    If you want to try to beat his rate, contact all of the various direct lenders here, and also me - I know a product for truckers that won't make you as much money, but you can certainly beat the rates.

  10. #10
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    anyone you would recommend?
    thanks

  11. #11
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    Quote Originally Posted by profunder View Post
    anyone you would recommend?
    thanks
    I'd suggest just co brokering with Ryan$ or Micah. Ignore your other pms bro. You'll get paid, and it'll he done, that an easy deal to get done.

  12. #12
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    If the guy needs money fast just get him an mca if his credit is over 600 there are a few people that'll offer you 6 month 1.15 1.17 1.12, maybe one other funder (big compamy you're probably not signed up with them), would offer 12 month bi-monthly 1.15-1.19.

  13. #13
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    Quote Originally Posted by profunder View Post
    Trucking, needs 1.20 dont have my California Lender License Yet 1st position
    ZERO BALANCES deposits avg 400k ending balances 40k I really need a good rate on this direct funders only
    The recommendations John Dough made are solid. We work closely with a California based group that would like this as well- and they would give excellent pricing- should you wish for an additional resource..

    RG

    www.businesscapitalonsultants.com

  14. #14
    Senior Member Reputation points: 5016 @jeannette's Avatar
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    I agree factor that, we specialize in trucking and transportation and offer equipment financing as well. Feel free to call me 770-362-2307 or email jnearing@transfaccapital.com
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  15. #15
    I can help you with that..shawn@thebetterbusinesssolutionllc.com

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