[k lion]

Merchant is a trucker. His revenues are $65000, $95,000 and $65000. Took a small advance a week ago for $4000. It would be a second position. Caveat. Only one truck.

[closer129]

Merchant is a trucker. His revenues are $65000, $95,000 and $65000. Took a small advance a week ago for $4000. It would be a second position. Caveat. Only one truck.

The merchant has one truck and doing that much revenue? Most trucks average between 15-20k a month and he is doing 3-4 times that. If he is doing that much why did he only get 4k and why take that little?

[Olderguy]

If the truck is free and clear, I can get him 50% value in a week or less.

[k lion]

I asked him the same question. He rents the truck. Not owned. Most of my truckers that have only one truck are doing 50-75,000. I've got many one truck guys that I'm trying to get funded, that I used to have no problem getting funded, and now, the way things are, the offers are very low, as I'm sure you see in this industry these days. He spiked in December, which is understandable. One truck is getting very hard to fund these days. Maybe Cooper Asset or Lending Valley? CFG? Btw, his month ending balances are $912, $2289, and $7227. Not great, but shouldn't be getting declined for that.

[Olderguy]

If Fico over 700, I've gotten a trucker $69,000 with $10,000 a month in deposits. Business CC/LOC.

Bailey at Midwest Corporate Credit.
(630) 974-5507
(630) 281-5915
Bailey@midwestcorporatecredit.com

[MCA-VET]

Trucking is very tough with current Diesel Prices $4.47 -- to really fund trucking successfully we would need to see diesel high 2's to low 3's --- I guess best way to explain trucking is to view diesel as truckers price to rent location .... right now rent (diesel) is just to high to work effectively for an MCA product.
2.650 (2017) 3.178 (2018) 3.056 (2019) 2.551(2020) 3.287(2021) 4.989 (2022) That 4.98 of 2022 must have wiped out a lot of specific funders powder.

[funfunder1]

Sounds like this is a prefect fit for hybrid
Email us today kevin@hybridadvancellc.com

[HighRisk Funder]

Has one truck and makes $65k per month?

This man is either the most industrious trucker on earth or works for the Mexican cartel. Either way, if he has prior MCA payment history, send it over, and I'll get you an approval.

[k lion]

Almost all of his deposits are from sunbelt finance, a factoring company. They pay on invoices, and would know the difference if the work wasn't real, so the 95k should be legit. Hard to know why funders are saying his balances are too low. This guy should be fundable. He does rent the truck, but these days, thats more reliable than owning one truck, because if it breaks down he gets anew one. One truck owners are out of business when the truck breaks down.

[k lion]

Kevin. Can you give a guy a decent offer that rents his truck, numbers are 95k, 65k, 65k, just took a tiny 4000 40 day advance and has a factor in place? My opinion is that a guy whoo rents his truck is far lesk risky than a guy that ones one. If it breaks down, they give him another one, while the own truck owner is stranded.

[k lion]

Yes. He's doing 65 to 95k. If you remember, I sent you a one truck trucker a couple of weeks ago, who does 120k with 1 truck(he has two, but ones in the shop) Then we tried getting him a term loan, but he's overleveraged, and credit is just below the minimum, plus, most guys show a loss on their taxes. . I think I sent you a few of these. These guys all need funding, and I would be happy to resend them. I think they will all take dailys at this point. These guys all think they qualify for things they don't. But again, anyone who thinks they can fund these guys let me know. By the way. Its Kevin Harms, Scott.

[alcap]

Send us the file, merchant will have to agree to intercreditor agg