50k working capital-trucking industry
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  1. #1
    Noob Reputation points: 10
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    50k working capital-trucking industry

    First i want to thank everyone for their assistance on these potential deals. I recently moved into position where i am working deals from start to finish, where as before i was only submitting files to my boss and he was taking it from there. Right now i'm trying to build a list of lending partners to work with. So i appreciate all of you who are willing to work and help out new ISO's

    Today i have something from the trucking industry. I know this can be a little finicky...Young guy focused on building his business up. Currently owns 5 trucks and has leasing agreements. He is seeking 50k working capital. His preferred terms would be 24 months (10-12 is acceptable) and monthly or 14 day repayment schedule.

    2 years in business
    35k monthly revenue
    650 credit


    Thank you all for taking a look...Hope to work with you in the future

    Andy

  2. #2
    Senior Member Reputation points: 29542
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    I don't know what your merchant is smoking but I want some of it.

  3. #3
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    Irvine, CA
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    Nobody in that industry can dictate preferred terms. Not those especially. I do have a guy who can do equipment financing for that industry. And I did post up FundCanna on the other post.
    Steve 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.

  4. #4
    Banned Reputation points: 573
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    good luck with that file, the monthly revenue is not there, and the terms they want are not really MCA. if you have a file with minimal 50 K monthly rev,
    send it over and I can price it out very fast.

    Eugene@equitaadvance.com

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