Equipment Financing Freight trucking
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  1. #1

    Equipment Financing Freight trucking

    621 fico
    Time in business =
    looking to buy a truck (think Tractor trailer)
    2013 freight liner cascadia make
    38,500 invoice

  2. #2
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    ironwood, if its not a start up
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

  3. #3
    Quote Originally Posted by Davincinc View Post
    ironwood, if its not a start up
    do you have a point of contact at Ironwood sir ?

  4. #4
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    Mantis funds perhaps more trucking firms (and construction) than majority of the super-subprime funders..so if merchant has sales we would be able to go from submission to final funding in several hours.
    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

  5. #5
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    Quote Originally Posted by mcaguru View Post
    Mantis funds perhaps more trucking firms (and construction) than majority of the super-subprime funders..so if merchant has sales we would be able to go from submission to final funding in several hours.
    When did Mantis start equipment finance? I think he is looking to finance a truck????
    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

  6. #6
    Quote Originally Posted by mcaguru View Post
    Mantis funds perhaps more trucking firms (and construction) than majority of the super-subprime funders..so if merchant has sales we would be able to go from submission to final funding in several hours.
    I dont care how quickly Mantis can move from a submission to funding, I care more about how long it takes you to reply back to the Peak Solutions post.

  7. #7
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    Quote Originally Posted by newunderwriter007 View Post
    I dont care how quickly Mantis can move from a submission to funding, I care more about how long it takes you to reply back to the Peak Solutions post.
    Your Funny thank God the hundreds (FACT!!) of "daily" submitting partners across America do care about Speed and funding their clients same day as submission (with contracts back!)....
    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

  8. #8
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    Even if it's a start up I could help finance this deal.

    Equipment Finance Agreement: Even with a 621 as long as he has comparable debt(best kind would be auto loans with 24mo payment history) within 80% of the invoice amount I can help get it done without putting down a large down payment.

    Any questions give me a call

    Al Williams Account Executive




    Phone: (916) 540-7271 | Fax: 949-242-2788 | Email: awilliams@topmarkfunding.com

  9. #9
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    There is a mileage restriction must be below 750,00 miles



    Al Williams Account Executive




    Phone: (916) 540-7271 | Fax: 949-242-2788 | Email: awilliams@topmarkfunding.com

  10. #10
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    Quote Originally Posted by AlSuede View Post
    Even if it's a start up I could help finance this deal.

    Equipment Finance Agreement: Even with a 621 as long as he has comparable debt(best kind would be auto loans with 24mo payment history) within 80% of the invoice amount I can help get it done without putting down a large down payment.

    Any questions give me a call

    Al Williams Account Executive




    Phone: (916) 540-7271 | Fax: 949-242-2788 | Email: awilliams@topmarkfunding.com
    Topmark funding is a great outlet!
    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

  11. #11
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    We work every day with a hedge fund that offers facilities based on the equipment and assets of the business and we have a slew of deals working their way through underwriting now with them. This wouldn't be an MCA type deal, they need a revolving facility and we can get 90% or just below 90% compared to most place's 80-85% rate per invoice.
    ---------------------------------------------------------

    Rich McKellar



    www.linkedin.com/in/richardmckellar

  12. #12
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    Quote Originally Posted by rmckellar View Post
    We work every day with a hedge fund that offers facilities based on the equipment and assets of the business and we have a slew of deals working their way through underwriting now with them. This wouldn't be an MCA type deal, they need a revolving facility and we can get 90% or just below 90% compared to most place's 80-85% rate per invoice.
    They are seeking to finance a truck not invoices. If they were seeking invoice financing there are plenty of folks that will advance 95% on trucking invoices.
    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

  13. #13
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    Quote Originally Posted by AlSuede View Post
    Even if it's a start up I could help finance this deal.

    Equipment Finance Agreement: Even with a 621 as long as he has comparable debt(best kind would be auto loans with 24mo payment history) within 80% of the invoice amount I can help get it done without putting down a large down payment.

    Any questions give me a call

    Al Williams Account Executive




    Phone: (916) 540-7271 | Fax: 949-242-2788 | Email: awilliams@topmarkfunding.com
    On a sleeper cab? What are your typical terms?

  14. #14
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    Depends on credit and year of the truck but looking at 36-48 months

  15. #15
    Hey I have someone that would be easily able to fund this for you

  16. #16
    Quote Originally Posted by mcaguru View Post
    Topmark funding is a great outlet!
    not really, they do not have an ISO program or a strategic partner program..... I spoke with someone there, and the pitch was send me your lead, if it closes I will give you $250.00 .......... yeah, no

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