Results 1 to 5 of 5
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04-21-2022, 12:56 PM #1
- Join Date
- Feb 2021
- Posts
- 10
Truck paid in full
Hello is there a lender that can do a loan or funding for a trucking company that has trucks paid in full? text 813-703-5443 Dave
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04-21-2022, 02:05 PM #2
Yes ABL - I've a lender that did invoice factoring 2.2% (Trucking company was paying 3% to 7% factor on his invoices) and then $150K ABL for 8 trucks that were free and clear. It was only 12 months. Unless there is a significant amount of trucks and dollars, this option isn't worth it. You'll have to shop around if it's a small value asset.
Last edited by Olderguy; 04-21-2022 at 03:18 PM.
Steve Benjamin
Professional Business Loans
522 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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04-21-2022, 03:13 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-21-2022, 04:13 PM #4
I agree with Hedley on this one.....try Lendspark in San Diego...
https://www.lendspark.com/
They are expensive (MCA rates) but flexible on equipment deals....their specialty.Steve Benjamin
Professional Business Loans
522 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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04-21-2022, 05:12 PM #5
- Join Date
- Feb 2021
- Posts
- 10
Thanks to all for the direction!!
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