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01-10-2023, 11:11 AM #1
Reputation points: 10
- Join Date
- Jan 2022
- Posts
- 2
Any Lenders Doing Trucking Companies Operating One Vehicle Only?
I know most lenders do trucking companies with multiple vehicles, but are there any out there funding companies with just one truck?
Thank you
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01-10-2023, 11:22 AM #2
Possible if co borrower or cross collateralize.
Check with Tony Borchello
Finance It Forward
phone: (888) 211-2192
mobile: (949) 800-5767
tony@financeitforward.com
Also:
I've done credit card for these guys as a start up if they have good credit and Fico 700+
Trucker file from broker.
Feb sales $12k
March sales $12K
April sales $4K
Mostly additional revenue in business bank account are online transfers from savings account.
Good Fico
No debt
Got him a couple of business credit cards at $69,000
0% interest for a year
The rates people get depend on what the lender gives them specifically, but they start with 0% rates for 6-12 months and then adjust to 9-19% APR or so after that.
Need a 700+ Fico
Through Bailey at Midwest Corporate Credit.Last edited by Olderguy; 01-10-2023 at 11:27 AM.
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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01-10-2023, 01:27 PM #3
We are not lenders, we are MCA Funders.
If they are interested in an MCA The short answer is we can consider one vehicle trucking companies. We may be able to help here depending on who contracts them and how long of a relationship they have with them. Also amount of monthly revenue, etc.
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