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  1. #1

    Trucking Company Needs 1st

    This is a delivery/ trucking company that's been in business for 14 months. They have various contracts with vendors to deliver home improvement items such as cabinets, windows, and doors. They also have a warehouse where vendors pay to store inventory. Does $100k+ monthly Owners credit it not that good. Looking for someone to fund this deal.

  2. #2
    Senior Member Reputation points: 9802
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    How many trucks does he have on the road? Why is the credit not that good?

  3. #3
    He has 6 trucks on the road

  4. #4
    Senior Member Reputation points: 9802
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    Depending on the credit an daily balance i maybe able to get it done. Since trucking is high risk and he has bad credit and just over a year in business term may cap 3-6 months. We work like a credit thou. If that can work and i can explain the line of credit on how we do it you can give me a call.

    Scott
    Tmrnow
    212-220-9872

  5. #5
    ok I will call you

  6. #6
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Are they factoring their A/R?
    Do they need working capital or vehicle financing?
    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.

  7. #7
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Quote Originally Posted by DJohn View Post
    This is a delivery/ trucking company that's been in business for 14 months. They have various contracts with vendors to deliver home improvement items such as cabinets, windows, and doors. They also have a warehouse where vendors pay to store inventory. Does $100k+ monthly Owners credit it not that good. Looking for someone to fund this deal.
    If you haven't found a home for this we can consider it. We do not run credit so credit is not a factor at all. We would base our offer on revenue and specifically the contracts you mentioned.

    If he factors his invoices/payments we can still work with him but would need an inter-creditor agreement signed by the factoring company. We have a quick 1 page inter-creditor agreement that would need to be signed. We offer weekly payments on all offers if that helps.
    East Shore Equities, LLC
    Submissions@EastShoreEquities.com
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  8. #8
    Senior Member Reputation points: 99
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    Aug 2021
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    Might be able to get an offer here depending on what's on the credit report & how strong his daily balances are.

    Email me for our guidelines Andrew@efinancialtree.com

  9. #9
    Banned Reputation points: 10
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    Apr 2022
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    New York
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    If its fundable I'll give you an offer, send it over

  10. #10
    I would be happy to review this for you if you haven't gotten anything? We have a 2 truck min for trucking. Let me know.

    ctoomey@prioritycapital.com
    Connor Toomey
    Priority Capital – Account Executive
    174 Green St. | Melrose, MA 02176
    Direct: 339-293-6159
    Email- ctoomey@prioritycapital.com
    www.prioritycapital.com

  11. #11
    Quote Originally Posted by ESE5020 View Post
    If you haven't found a home for this we can consider it. We do not run credit so credit is not a factor at all. We would base our offer on revenue and specifically the contracts you mentioned.

    If he factors his invoices/payments we can still work with him but would need an inter-creditor agreement signed by the factoring company. We have a quick 1 page inter-creditor agreement that would need to be signed. We offer weekly payments on all offers if that helps.
    Has anyone ever signed on of those? From the factoring companies I’ve spoken with they’d never sign one

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