Results 1 to 4 of 4
-
05-18-2023, 12:33 PM #1
Reputation points: 10
- Join Date
- Apr 2023
- Location
- Montana
- Posts
- 3
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
-
05-18-2023, 01:43 PM #2
Reputation points: 29542
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
I don't know what your merchant is smoking but I want some of it.
-
05-18-2023, 01:47 PM #3
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.
-
05-22-2023, 12:52 PM #4
Reputation points: 573
- Join Date
- Jun 2022
- Posts
- 86
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
Similar Threads
-
Real Estate Industry/Working Capital
By CapitalCityfunds in forum Deal BinReplies: 3Last Post: 02-08-2023, 08:45 AM -
Trucking Client Seeking $40-45k working capital Against a $65k New Truck Clean Title
By G2efunding.com in forum Deal BinReplies: 4Last Post: 07-15-2021, 04:24 PM -
Who Goes Out 18 Months on Trucking Industry?
By Fundyman in forum Merchant Cash AdvanceReplies: 3Last Post: 09-26-2017, 01:25 PM -
Worldpay and CAN Capital Team to Offer Working Capital to Merchants
By Levi Lending in forum Merchant Cash AdvanceReplies: 3Last Post: 02-26-2015, 02:05 PM -
Trucking Industry
By Project Starter in forum Merchant Cash AdvanceReplies: 17Last Post: 08-11-2014, 09:43 AM