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07-03-2019, 03:42 PM #1
- Join Date
- Oct 2017
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- 36
Trucking
Whos the best company for trucking co. doing 250k a month?
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07-03-2019, 03:46 PM #2
- Join Date
- Jul 2018
- Posts
- 193
Marcus will answer this shortly
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07-03-2019, 03:53 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
TCraig,
There are several capital providers out there that finance trucking/distribution in a host of different forms of capital.
It would be helpful to know the following:
-Who are they hauling for or are they a broker?
-How many trucks/drivers
-Are they using a factor, bank line, or advance company currently to finance working capital needs?
-What was revenue last year? What is expected this year?
For trucking this is a bit small for us as we really only go after large companies in the industry. We offer factoring facilities for companies this size. If they are using a small bank line or advances that are not providing enough liquidity, factoring might be the way to go. If they are already factoring at a high advance rate, one would question a working capital need.
KHKevin 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
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07-03-2019, 03:54 PM #4
- Join Date
- Jun 2017
- Posts
- 2,049
Rapid, Lendr.
Your Welcome.
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07-03-2019, 04:04 PM #5
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
We fund a number of trucking deals every week. We require a $75k gross monthly min. for this industry. Reach out if you'd like a set of guidelines and ISO agreement.
Happy 4th!
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
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07-05-2019, 08:29 AM #6
On Deck has helped me with a few Trucking files in the past, plus you have a good chance to get a line of credit as well, pending credit, etc etc.
G๓mez Capital Funding
Richard G๓mez~Director of Funding
12555 Biscayne Blvd
North Miami, FL 33181
917.600.5647 Mobile
305.320.7125 Office
305.513.5735 Fax
Richard@gomezcapitalfunding.com
www.gomezcapitalfunding.com
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07-05-2019, 03:57 PM #7
- Join Date
- Jul 2017
- Posts
- 130
Expansion Capital does pretty well with Trucking, if you haven't tried them you might consider it. When I was Underwriting for Knight we were pretty creative on Trucking, but I don't know how they are now. I'm sure Marty would like to at least get a look.
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07-07-2019, 02:50 AM #8
- Join Date
- Aug 2018
- Posts
- 843
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07-08-2019, 10:43 AM #9
- Join Date
- Dec 2013
- Posts
- 4,713
MArcus is here ...YES Trucking is our middle name! but it gets better we now offer final funding to merchant hours after the submission --- SUB2FUND"IN"HOURS!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-08-2019, 12:34 PM #10
- Join Date
- Jun 2018
- Posts
- 462
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07-12-2019, 11:03 AM #11
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07-12-2019, 12:03 PM #12
- Join Date
- Dec 2017
- Posts
- 238
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07-12-2019, 11:14 AM #13
- Join Date
- Dec 2013
- Posts
- 4,713
yep woll fund 200K to a trucker before he reaches his destination ( and i'm talking short haulers )
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-12-2019, 11:24 AM #14
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
Marcus-Calm down.....you already responded this 5 day old post.
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
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07-12-2019, 12:12 PM #15
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-12-2019, 12:18 PM #16
- Join Date
- May 2019
- Posts
- 60
Crap-- funding Friday is today?
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