Looking for lenders working with truckers
Need a Funder or Vendor? START HERE

Results 1 to 4 of 4
  1. #1

    Looking for lenders working with truckers

    I have a merchant who is in the trucking industry doing over 200k monthly steadily but will only take monthly repayment terms has a 750 credit score and is looking for 150k.

    let me know if anyone can help.

  2. #2
    Senior Member Reputation points: 68639 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,160

    I have a SBA 7A guy believe it of not that might be able to do it...Reach out to me...and I'll give you the document package I need. I can also do equipment financing if he wants to finance another truck.
    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.

  3. #3
    Senior Member Reputation points: 4118
    Join Date
    Jan 2020
    Location
    Brooklyn, New York
    Posts
    123

    Does the merchant have any positions? We don't offer monthly payments however we do offer Bi-Weekly payments for qualified merchants. This looks like a file that has the potential to qualify
    Clark Sica
    Business Development Manager
    Lending Valley, Inc.
    Office Line: 347-478-5161
    Mobile Line:347-536-0528
    Fax: 1-888-850-1971
    www.LendingValley.com

  4. #4
    Senior Member Reputation points: 218103
    Join Date
    Feb 2017
    Posts
    3,347

    Are they looking for working capital, or for equipment financing?

    SBA Bolt is a good program here, especially if they already have senior debt like factoring. Most truckers do, but if they don't, definitely get them set up ASAP. Much better than monthly.

    Barring that, there's another program that I have that's more expensive than a regular MCA, but it's definitely monthly.

Similar Threads

  1. Lenders for One Truck Truckers
    By Value Hunter in forum Deal Bin
    Replies: 5
    Last Post: 01-28-2022, 11:59 AM
  2. Replies: 3
    Last Post: 08-11-2020, 09:13 AM
  3. Replies: 1
    Last Post: 07-15-2020, 03:33 PM
  4. Funding for Truckers
    By KM_Superior in forum Promotions
    Replies: 6
    Last Post: 02-06-2017, 03:33 PM
  5. Lenders working with PAYPAL BIZ STATEMENTS
    By SproutBird in forum Merchant Cash Advance
    Replies: 10
    Last Post: 02-18-2016, 05:06 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY