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  1. #1

    Trucking, $10K

    Have a solo trucker. 11K monthly deposits. He uses his freight broker's truck in exchange for 50% of his load profit. I have bank statements and pay stubs showing his checks getting hit for 50%. Need $10k to repair his truck and get it back on the road. His weekly take home with double. Not an amazing deal, but if anyone has any way to go let me know.

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
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    2,084

    Would he fit into this box?

    This would take a month:

    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

    Can also look into a personal loan - check with Micah for that.
    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.

  3. #3
    Member Reputation points: 10
    Join Date
    Sep 2022
    Location
    Lakewood, NJ
    Posts
    51

    get him a certified repair trucking loan. Cheapest for the merchant. Max like 13% interest if you have title.
    Josh Dan
    B2B Funding LLC
    josh@b2bfundingllc.com
    Super Broker
    (347) 794-1592

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