Results 1 to 6 of 6
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03-06-2023, 11:54 AM #1
- Join Date
- Jan 2019
- Posts
- 117
TRucking
Can anyone fund a trucker who rents his truck?(He asked knowing the answer)
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03-06-2023, 12:20 PM #2
- Join Date
- Nov 2013
- Posts
- 598
If he's owner operator most micro funders do, Ebf / Vader, Bitty, CFG (no 1st on trucking)
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03-06-2023, 03:51 PM #3
- Join Date
- Jan 2019
- Posts
- 117
Thank you. I've been having a hard time even getting one or two owned trucks funded.
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03-06-2023, 04:25 PM #4
- Join Date
- Nov 2019
- Posts
- 672
I can do trucking as long as they have at least 3 trucks on the road. They can be owned rented or owner drivers. They need to be in business at least 1.5-2 years depending on what they haul. They need to have strong daily balances and not over extending with multiple advances and not funded within the last 30 days on a new funding. And we will not fund more than the most recent funding gave.
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03-09-2023, 11:35 AM #5
His profit margins are probably much lower than a traditional trucker. We can potentially give an offer with that in mind. Feel free to reach out.
Direct Funder | FirstLine Advance | New York, NY.
firstlineadvance.com
Call us: 929-592-3073
Email us: subs@firstlineadvance.com
1st position and up | Snap Funding within 2 hours | No credit checks
Currently accepting new ISO's!
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03-09-2023, 11:39 AM #6
File from broker.
Trucker:
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
Bailey Blasdel
Midwest Corporate Credit
(630) 974-5507
(630) 281-5915
Bailey@midwestcorporatecredit.comSteve 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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