calif trucking looking for 12 months
Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. #1

    calif trucking looking for 12 months

    have a 2 year old trucking (9 trucks) in CALIF

    avg deep $125k
    avg daily $23k
    credit 650

    has 2 positions total $55k

  2. #2
    Senior Member Reputation points: 71352
    Join Date
    Mar 2016
    Posts
    904

    I dont see any 3rd position funder going out that long, especially on a trucker who has stacked the first position. How long did the first two go out?
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  3. #3
    Member Reputation points: 499 FifthVenture's Avatar
    Join Date
    Mar 2019
    Location
    Massachusetts
    Posts
    38

    The best I've seen is 9 months. The big difference is it'll be far cheaper than an MCA let me know if I can assist.

  4. #4
    Senior Member Reputation points: 35668
    Join Date
    Aug 2018
    Posts
    729

    I can get you 12-14m here, paying both advances off, based on tib, number of trucks owned, kind of transportation, and if it's home based or not.

    I'm a broker

  5. #5
    WBL can definitely do 12 months here, probably more like 15 or 18 honestly. Give me a call
    David Fite
    Director of ISO Relations

    Windgate Capital
    40 Wall Street, 29th Floor, New York, NY 10005
    Direct: (516) 400-2087 ǀ Fax: (347) 708-8699 | Cell: (929)-361-4156
    David@WindgateCapital.com ǀ https://www.WindgateCapital.com/

  6. #6
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,049

    I would Go LoanMe.

    Missing Factor is the Credit Score, But if it is halfway decent, what will Loanme do in Cali? 250k? If credit is decent.

    if they have 23k As an avg daily balance - no doubt they will max out at LoanMe.

    And as long as no funding in last 30 days - they could easily pay off get everything to a monthly payment.

    Only hurdle is a CA lendr license, if u need help i can point u in right direction if you dont have one

    I missed the 650 credit - so rates wont be that great

    And not sure the max they would get with 650k, maybe 150k? But the monthly payment may sell it
    Last edited by ryan $; 07-15-2019 at 12:02 PM.

  7. #7
    Senior Member Reputation points: 226125
    Join Date
    Feb 2017
    Posts
    3,396

    Loanme doesn't need a lender license for CA anymore. They have a shop they use to submit deals and they pay you instead of every Monday, the beginning of the following month.

  8. #8
    Senior Member Reputation points: 54977
    Join Date
    Dec 2013
    Posts
    4,713

    Cant do the 12 but if all else fails trucking is something we specialize in out approving many other funders. (that what ISO's tell me)...
    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

Similar Threads

  1. trucking 1 st position 12 months
    By viper066 in forum Deal Bin
    Replies: 2
    Last Post: 07-15-2019, 01:46 PM
  2. Gov Brown Should Veto Calif Small Lending Bill
    By Karen37a in forum Merchant Cash Advance
    Replies: 1
    Last Post: 09-21-2018, 10:39 AM
  3. 2nd position trucking company 6 months
    By John82 in forum Merchant Cash Advance
    Replies: 2
    Last Post: 01-24-2018, 05:15 PM
  4. Trucking Company 4 Months In Biz
    By Skytop in forum Deal Bin
    Replies: 4
    Last Post: 12-06-2017, 04:08 PM
  5. Who Goes Out 18 Months on Trucking Industry?
    By Fundyman in forum Merchant Cash Advance
    Replies: 3
    Last Post: 09-26-2017, 01:25 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%


DIRECTORY