13M Trucking Acquisition
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  1. #1

    13M Trucking Acquisition

    I've got a handful of deals, and run a marketing company as well, have a tech company, need some help. I should find a mentor or partner.

    Anyway, on deck to place just one of them:

    Trucking acquisition, ~ 13M, US based
    ~8.4 hard assets (trucks mostly)
    ~2.2M liquid checking/savings
    ~4.8M existing debt
    net income 3.8 / 1.9 w/ depreciation
    Borrower 800+ has other assets

    Too large for SBA I believe, but I'm a relative rookie - anyone have a home for this?

    Roger
    415.326.6104

  2. #2
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    SBA can go up to $5 MM and I have a lender who can go up to $15 MM on a 10 year term loan. I also have private money up to $1 B. So reach out. Usually requires 20% down.
    Last edited by Olderguy; 10-21-2022 at 04:49 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.

  3. #3
    Senior Member Reputation points: 1755
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    Are you available to discuss this file?
    have tried to call you.

  4. #4
    Banned Reputation points: 6026
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    Sounds like this is a prefect fit for hybrid
    Email us today kevin@hybridadvancellc.com

  5. #5
    Quote Originally Posted by fremontfunding View Post
    I've got a handful of deals, and run a marketing company as well, have a tech company, need some help. I should find a mentor or partner.

    Anyway, on deck to place just one of them:

    Trucking acquisition, ~ 13M, US based
    ~8.4 hard assets (trucks mostly)
    ~2.2M liquid checking/savings
    ~4.8M existing debt
    net income 3.8 / 1.9 w/ depreciation
    Borrower 800+ has other assets

    Too large for SBA I believe, but I'm a relative rookie - anyone have a home for this?

    Roger
    415.326.6104
    If you can get me an Experian report and 3 year personal and corporate taxes along with the rest of the file, assuming he passes Clear background check, we can do something here. Get in touch.

    Our funding Criteria:

    - 5k minimum funding
    - 6 month Min.time in business
    - B, C, D paper
    - Offers not based on credit score - low credit ok
    - Response time (realistically) as low as 60 minutes
    - 1st - 5th position - Up to 38% withhold of net deposits
    - As low as 1.32 buy rates
    - Terms up to 140 days (weekly's upon approval)
    - Max Upsell to 15 points
    - Early Payoff Discounts
    - 15k a month average revenue
    - Minimum of 5 deposits per month
    - Minimal stips for contract (VC & ID)
    - Docusign Contracts

    - We also offer asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates.



    Michael Ross
    Lendbug
    New York, NY
    Mross@lendbug.com
    646-360-0411

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