[Project Starter]

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?

[@jeannette]

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.

[AS_NEL]

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?

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

[bdshaw]

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.

[Project Starter]

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?

[BB_Cooper]

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
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[CpepeWBL]

We allow the trucking companies to use any free and clear trucks they own as leverage to increase loan amounts.

cpepe@wbl.com

[JayBallentine]

We allow the trucking companies to use any free and clear trucks they own as leverage to increase loan amounts.

cpepe@wbl.com

Do you do 2nd, 3rd, 4th, and 5th positions on these assets?

[MaxAdvance]

Max Advance is currently funding trucking companies as long as they are not home based

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[CpepeWBL]

If they have free and clear trucks as collateral which they want to use, then yes we will. What state are they located in?

[JayBallentine]

If they have free and clear trucks as collateral which they want to use, then yes we will. What state are they located in?

Not sure what State they're in, I'm in a state of disbelief personally.

[Eddie.deangelis]

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

[Zach]

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

[Kevin Blair]

Go with New Era for funding Trucking industry with factoring in place. Awesome guys quick underwriting besides they secured $100mill from a Brazilian fund

[FUNd]

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!

[JayBallentine]

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

You're not joking are you... "What's the difference in 5th or 6th position..." *Sigh

[CpepeWBL]

Not sure what State they're in, I'm in a state of disbelief personally.

Why the state of disbelief Jay?

[JayBallentine]

Why the state of disbelief Jay?

Pensive would have been a better word.