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  1. #1

    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: 282556
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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.
    [B]Kevin Henry

  3. #3
    The dealership is self financing

  4. #4
    As a lease arrangement

  5. #5
    Senior Member Reputation points: 282556
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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.
    [B]Kevin Henry

  6. #6
    Senior Member Reputation points: 1683 Olderguy's Avatar
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    Sep 2021
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    Irvine, CA
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    120

    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

    Irvine, CA 92620
    steveprobiz@gmail.com
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ SBA EIDL 1st and 2nd draw.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

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