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  1. #1

    Line of Credit for Trucking and Logistic companies

    Who are your go to funders and lenders? Tia

  2. #2
    Senior Member Reputation points: 337045
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    Rock Ridge
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    Everybody and their Dutch Uncle factors or provides asset based lines of credit to trucking companies. I don't care for the industry unless they are doing well over $50Mil/Year.

    KH
    Hedley Lamarr......That's Hedley

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
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    Irvine, CA
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    Target and tons others...I have a guy who deals with all of them and I just send the file to him...problem is 620 Fico needed and nobody has any inventory.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  4. #4
    Thank you guys

  5. #5
    I can get a line of credit for this business. Give me a call. Thank you.

    Brandon Dressler
    brandon@preferredfundinggroup.com
    815-878-0244

  6. #6
    Senior Member Reputation points: 216519
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    True LOC for trucking? If the yearly revenue is $1mm, and FICO isn't half-bad, then it is doable. But the trick is that standard trucking factors will have some other advantages like the gas cards that these truckers just love.

  7. #7
    Senior Member Reputation points: 68233
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    Quogue, NY
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    There are banks that specialize in Logistics. True 'lines' are typically available with eligible AR above 500k. Rates get MUCH better when AR is above 1M. If their clients are substantial and there aren't concentration issues- these deals can turn quickly.

    FICO isn't an issue for the aforementioned products- credit insurance issues and other UCC's are the more pressing challenges.

    Feel free to touch base...

    richard@bccusa.com

    beforeyouborrow.com

  8. #8
    Sir, are you still in of funding?

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