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10-25-2020, 04:31 PM #1
Trucking Company Seeking $250K-$350K
Hey Guys,
I have a trucking company client that is seeking $250K-$350K in funding for fleet expansion.
-40 trucks in his fleet
-Has account with Amazon
-They have been in business a 1yr and a month.
-Doing $400K+ a month in deposits
-Borrower stated credit score should be between 670-700 range.
-This would be a 1st position
Cons:
Had a past bankruptcy for another company he was a partner in. But its cleared up & discharged.
Merchant is looking for longest term and weekly, bi weekly or monthly repayment!Last edited by NickHubbard; 10-25-2020 at 04:34 PM.
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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10-26-2020, 09:39 AM #2
- Join Date
- Oct 2020
- Location
- Kansas City, MO
- Posts
- 6
I have several different lenders in my network that can help get this deal done. I can also help them get financing for more trucks if they are looking to expand with purchasing more trucks.
Thanks,Alex Trigg
Director of Commercial Lending
Strategic Capital
816.287.3808
atrigg@capitalwithstrategy.com
www.capitalwithstrategy.com
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10-26-2020, 11:04 AM #3
- Join Date
- Sep 2016
- Posts
- 169
Feel free to give Unique funding Solutions a shot irving@ufsfunding.com
Irving Winograd
Unique Funding Solutions
646-460-3139
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10-26-2020, 11:42 AM #4
Credibly, Discount Merchant Funding, Expansion Capital Group, Fox, Next Wave, One Funder, PIRS Capital
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10-26-2020, 02:42 PM #5
- Join Date
- Aug 2019
- Posts
- 43
Hi Nick,
We would be interested in doing an equipment loan/lease for the additional tractors/trailers on our portfolio. Please find our initial questions below.
How much does the customer have to put down?
Are there any tractors and trailers that are free and clear?
What is the Paynet score?
Does the customer own or rent their home?
Do you have a debt schedule?
Depending on the financials and down payment, we may be able to do a 48-60 month term.
Please reach out directly and we can discuss further.
Calfalkenhayn@elgallc.com
847-784-0011Cal Falkenhayn | Senior Account Executive
Equipment Leasing Group of America
211 Waukegan Road, Suite 100 |Northfield, IL 60093
O: 847-784-0011 | F: 847-784-0066 | M: 847-922-2729
calfalkenhayn@elgallc.com | www.elgallc.com
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