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  1. #1
    Senior Member Reputation points: 4567 NickHubbard's Avatar
    Join Date
    Jun 2015
    Location
    Saint Louis, Mo
    Posts
    325

    Question 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

  2. #2
    Member Reputation points: 10
    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

  3. #3
    Senior Member Reputation points: 3250
    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

  4. #4
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
    Join Date
    Oct 2020
    Location
    Beacon, NY
    Posts
    121

    Credibly, Discount Merchant Funding, Expansion Capital Group, Fox, Next Wave, One Funder, PIRS Capital

  5. #5
    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
    847-784-0011
    Cal 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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