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08-06-2014, 02:34 PM #1
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- Jul 2014
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- 14
Trucking Industry
Any ideas for best lenders in the trucking industry to purchase additional trucks? Also, will their invoice factors work against them since almost all trucking companies have lots of invoices out there and they have to factor them for cash flow?
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08-06-2014, 02:43 PM #2
Trucking Industry
Retail Capital will fund trucking companies. If they have a UCC filed against the business for their current factoring arrangement we would want to have a reference to make sure they are current.
Jeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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08-07-2014, 12:22 AM #3
- Join Date
- Jul 2014
- Posts
- 8
New Era Lending will fund trucking companies. We have no problem filing a UCC after a factoring company so they can have the first UCC and help the merchant secure the necessary factoring.
Hit us up at iso@neweralending.com
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08-07-2014, 02:26 PM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Trucking Business
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08-07-2014, 02:58 PM #5
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- Jul 2014
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- 14
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08-10-2014, 05:45 PM #6
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- Jul 2014
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- 1,746
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08-08-2014, 10:59 AM #7
- Join Date
- Jun 2014
- Posts
- 541
Cooper has no problem with trucking companies. We provide funds for both down payments paired with more traditional truck financing and total purchase price advances
Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
logo-01smaller.jpg
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08-08-2014, 11:11 AM #8
- Join Date
- Jun 2013
- Posts
- 195
We allow the trucking companies to use any free and clear trucks they own as leverage to increase loan amounts.
cpepe@wbl.com
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08-08-2014, 11:26 AM #9
- Join Date
- Jan 2013
- Location
- New York City
- Posts
- 409
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08-08-2014, 11:53 AM #10
Max Advance is currently funding trucking companies as long as they are not home based
Maxadvance Banner 2.jpgChristina Rossi
Business Development
Account Executive
Tel: 866-629-4464 ext 229
Fax: 917-368-6943
Crossi@maxadvance.com
www.maxadvance.com
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08-08-2014, 12:07 PM #11
- Join Date
- Jun 2013
- Posts
- 195
If they have free and clear trucks as collateral which they want to use, then yes we will. What state are they located in?
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08-08-2014, 05:31 PM #12
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- Jan 2013
- Location
- New York City
- Posts
- 409
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08-11-2014, 09:23 AM #13
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- Jun 2013
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- 195
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08-11-2014, 09:43 AM #14
- Join Date
- Jan 2013
- Location
- New York City
- Posts
- 409
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08-09-2014, 05:20 PM #15
- Join Date
- Mar 2014
- Posts
- 147
Trucking Industry
Jay if it's collateralized what's the difference if it's 5th or 6th position the advance is secure from the collateral , wbl will get there money for sure
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08-11-2014, 08:50 AM #16
- Join Date
- Jan 2013
- Location
- New York City
- Posts
- 409
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08-09-2014, 06:49 PM #17
Send it over here, we have an equipment financing program with low rates and spans up to 5 years. Pays between 4-12 points.
Zachary Ramirez
714-988-4413
Zach@CoreBusinessLoans.com
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08-10-2014, 09:47 AM #18
- Join Date
- Jul 2014
- Posts
- 6
Trucking
Go with New Era for funding Trucking industry with factoring in place. Awesome guys quick underwriting besides they secured $100mill from a Brazilian fund
Last edited by Kevin Blair; 08-10-2014 at 10:56 AM.
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