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  1. #1
    Senior Member Reputation points: 10961
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    Need factoring for 1 million A/R semi truck dealer

    Looking for Factoring company that works with semi truck sales. Any one know a good company?

  2. #2
    Senior Member Reputation points: 337045
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    You cannot factor truck sales. There is no true invoice to finance. You need to discover somebody willing to provide floor plan financing on the vehicles/inventory.
    Hedley Lamarr......That's Hedley

  3. #3
    Senior Member Reputation points: 10961
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    The dealership is self financing

  4. #4
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    As a lease arrangement

  5. #5
    Senior Member Reputation points: 337045
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    Again-there is NO receivable to finance. You need to seek floor plan financing for the inventory OR a warehouse line for the internal finance company.
    Hedley Lamarr......That's Hedley

  6. #6
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
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    Irvine, CA
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    2,086

    You need a different kind of loan. Email me a loan app, 4 months of business bank statements, most recent business tax return and 2002, 2021 YTD P & L and balance sheet. https://app.hellosign.com/s/JljnpJWp
    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.

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