Trucking company doing around 150 K a month but has low daily balances
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  1. #1
    Member Reputation points: 17
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    Trucking company doing around 150 K a month but has low daily balances

    Hey all,

    I have a Texas based Trucking company

    This will be his first position

    Merchant has 5 trucks on the road

    Does around 150k/m

    Ending daily balances are low usually between $500 and $1500

    No bankruptcies or tax liens

    Each month has a few NSFs (less than 4)

  2. #2
    Senior Member Reputation points: 3250
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    try us out at unique funding solutions

    irving@ufsfunding.com
    Irving Winograd
    Unique Funding Solutions
    646-460-3139

  3. #3
    Member Reputation points: 17
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    Edit: he is already doing factoring

  4. #4
    Senior Member Reputation points: 340558
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    Stack a trucking company that small and there will be 5 trucks for sale in 6 months. Get them a better factor.
    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

  5. #5
    We can review for a term loan of 6 to 36 months if the assets are clear of liens.

    Jason Downey
    Great Oak Funding
    312 Walnut Street
    Suite 1600
    Cincinnati, OH. 45202
    513.762.7690
    jdowney@greatoakfunding.com

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    www.greatoakfunding.com


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  6. #6
    Senior Member Reputation points: 54989
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    Mantis would take a look.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  7. #7
    Cooper specializes in small trucking companies. OTR or local?

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 248-341-9477
    Email: bb@cooperasset.com
    Web: www.cooperasset.com

  8. #8
    Senior Member Reputation points: 6626
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    We can definitely take a look at that one for you.

    Jeff Pecori
    ISO Relations manager
    VitalCap Fund
    48 Wall St. New York, NY 10005
    P. 850.630.7509
    F. 646.219.7949
    jeff@vitalcapfund.com

  9. #9
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    FYI: the finance gurus across America tell me Mantis is the king at subprime trucking !
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  10. #10
    Senior Member Reputation points: 503040
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    Quote Originally Posted by mcaguru View Post
    FYI: the finance gurus across America tell me Mantis is the king at subprime trucking !
    Shoutout for finally upping your tech game.

  11. #11
    we will Gladly give it a shot - we love trucking companies

    Ben Terner
    VP of ISO Relations
    Direct: 248-341-9789
    Email: bterner@cooperasset.com
    Web: www.cooperasset.com
    Ben Terner
    VP of ISO Relations
    Direct: 248-341-9789
    Email: bterner@cooperasset.com
    Web: www.cooperasset.com


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