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  1. #1

    Truck financing for low revenue borrower

    Trucking Company does 10k-20k a month average seeking to get a 2006 Semi Financed
    $75k purcase price
    FICO 690

    Let me know if possible

    Kyle Burton
    kburton@capitalcityfunding.biz

  2. #2
    Banned Reputation points: 12
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    Weston, FL
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    40

    Alpahloans.com can help. We can do an equipment lease deal. Let's talk my number is 754-246-0372 or email me at edmund@myalphaloans.com

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
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    Irvine, CA
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    2,087

    Midwest Corporate Credit or BizLoans for the program below but Fico may be an issue:

    I also have an equipment finance guy who can also do it:

    Reach out:

    Tony Borchello - Equipment financing
    General Manager
    Finance It Forward
    phone: (888) 211-2192
    tony@financeitforward.com

    Dan Raymond
    Biz Loans Inc
    Office: (610) BIZ LOAN
    (610) 249-5626

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

    File from broker.

    Midwest Corporate Credit did this one:

    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
    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.

  4. #4
    Member Reputation points: 118
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    Location
    MIAMI FLORIDA 33166
    Posts
    16

    I usually go to direct lenders like Maxim Commercial Capital for these types of deals they pay well and are fast just keep in mind that the truck needs to be purchased from a nationwide dealer, not no pops or mom dealers or independent parties / if you need more lenders dm best of luck !!

  5. #5
    Senior Member Reputation points: 16709
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    Location
    Jackson Hole Wy
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    Quote Originally Posted by CapitalCityfunds View Post
    Trucking Company does 10k-20k a month average seeking to get a 2006 Semi Financed
    $75k purcase price
    FICO 690

    Let me know if possible

    Kyle Burton
    kburton@capitalcityfunding.biz
    We have a couple of sources that would do truck financing. We prefer they own some trucks free and clear already for collateral

    bzuniga@omegafund.com

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