Any Lenders Doing Trucking Companies Operating One Vehicle Only?
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  1. #1

    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

  2. #2
    Senior Member Reputation points: 73821 Olderguy's Avatar
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    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
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  3. #3
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Quote Originally Posted by DailyJaybone View Post
    I know most lenders do trucking companies with multiple vehicles, but are there any out there funding companies with just one truck?

    Thank you
    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.
    East Shore Equities, LLC
    Tel: (516) 784-4298 | Fax: (516) 231-5590
    www.EastShoreEquities.com

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