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  1. #1
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    Trucking Business

    Quote Originally Posted by Project Starter View Post
    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?
    Your client would benefit much more with a 3-5 year lease at much lower rates than a short term loan.
    The other option we offer, that might help, is a long term unsecured loan that has monthly payback and often is less expensive than a truck lease.

  2. #2
    Quote Originally Posted by bdshaw View Post
    Your client would benefit much more with a 3-5 year lease at much lower rates than a short term loan.
    The other option we offer, that might help, is a long term unsecured loan that has monthly payback and often is less expensive than a truck lease.
    What are the terms and what does he need to qualify for the long term loan?

  3. #3
    Senior Member Reputation points: 23718
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    Quote Originally Posted by bdshaw View Post
    Your client would benefit much more with a 3-5 year lease at much lower rates than a short term loan.
    The other option we offer, that might help, is a long term unsecured loan that has monthly payback and often is less expensive than a truck lease.
    Bad credit trucking companies that leverage collateral for a lease will get a nice $120K payback for $50K. Sell that ROI!

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