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  1. #1
    Senior Member Reputation points: 24
    Join Date
    Jan 2019
    Posts
    117

    TRucking

    Can anyone fund a trucker who rents his truck?(He asked knowing the answer)

  2. #2
    Senior Member Reputation points: 23085
    Join Date
    Nov 2013
    Posts
    598

    If he's owner operator most micro funders do, Ebf / Vader, Bitty, CFG (no 1st on trucking)

  3. #3
    Senior Member Reputation points: 24
    Join Date
    Jan 2019
    Posts
    117

    Thank you. I've been having a hard time even getting one or two owned trucks funded.

  4. #4
    Senior Member Reputation points: 9802
    Join Date
    Nov 2019
    Posts
    638

    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.

  5. #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!

  6. #6
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    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.com
    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.

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