Results 1 to 17 of 17
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06-14-2023, 09:52 AM #1
- Join Date
- Jun 2023
- Posts
- 21
2nd Position Trucking
I funded a merchant 100k 1st position a week ago and need about 70-100k 2nd position. in business 8 years 680 fico 800-1M in monthly rev
Please advise
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06-14-2023, 10:13 AM #2
- Join Date
- Nov 2019
- Posts
- 675
With that much revenue and time in business why did he only get 100k. Does the first position funder know that the merchant is looking to stack right away.
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06-14-2023, 10:21 AM #3
- Join Date
- Nov 2021
- Posts
- 52
email me alex@eminentfunding.com
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06-14-2023, 01:06 PM #4
- Join Date
- Aug 2021
- Posts
- 160
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06-14-2023, 04:33 PM #5
Bow Apple Capital would give a beautiful 1.19 .1.25 or 1.35 offer depending on the rev we love doing hops !
Jake Shalom
929-400-1360
Jake@BowAppleCapital.com
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06-14-2023, 04:57 PM #6
- Join Date
- Nov 2022
- Posts
- 54
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06-14-2023, 10:08 PM #7
- Join Date
- Aug 2021
- Posts
- 160
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06-15-2023, 03:47 PM #8
- Join Date
- Jun 2023
- Posts
- 15
I would love the opportunity to look at the file my underwriters will respond within 30 minutes or less. please email the files to David.m@equitaadvance.com Thank you.
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06-15-2023, 08:51 PM #9
- Join Date
- Oct 2021
- Posts
- 51
Chill- this industry is sustained by stacking.
Just don’t be the scum bag that kills deals by baiting the merchant into taking a ****ty deal and killing the deal for everyone.
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11-06-2023, 02:57 PM #10
- Join Date
- Sep 2023
- Posts
- 15
I can take a look. send it over. Louis@finpointfunding.com
Louis Stern
ISO Relations, Finpoint Funding
C. (646)348-4197 | Louis@finpointfunding.com
www.finpointfunding.com
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11-06-2023, 03:08 PM #11
- Join Date
- Dec 2021
- Posts
- 637
Sean covered this in Debanked today.....Trucking industry as a whole has not recovered post covid -- very few other industus have been knocked off their feet like trucking.
https://freightwaves.com/news/iowa-b...trucking-loansMarcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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11-06-2023, 03:10 PM #12
- Join Date
- Oct 2023
- Posts
- 22
We could take a look, email me
InstaFund Advance
Ben Allen
ISO Relations Manager
E: ben@instafundadvance.com
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11-08-2023, 09:34 AM #13
- Join Date
- Jun 2023
- Posts
- 21
How am I what is wrong with the industry? So what is you suggestion? Walk away and have someone of the else fund them a 2nd? they needed 200k I got them 100k they called and asked for more. Said other lenders have been calling them nonstop. They are going to take the money from someone. Please advise what I should have done?
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11-08-2023, 09:40 AM #14
Responding to an old thread....why do they need that much money? If it's equipment financing, get an equipment loan rather than a very expensive MCA. Secondly when a very high risk industry needs that much money, you have to look into how in the world are they running their business as they really need accounting services. I just talked to one of my SBA lenders who will no longer fund trucking...said 20% of their portfolio is trucking and many are defaulting....which I would claim is an underwriting problem for them.
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.
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11-08-2023, 10:19 AM #15
- Join Date
- Oct 2023
- Posts
- 22
We could take a look, we fund B-D paper.
Trucking with a rev of 200-250k
Email me: ben@instafundadvance.com
Insta Fund Advance
Ben Allen
ISO Relations Manager
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11-08-2023, 12:41 PM #16
- Join Date
- Sep 2023
- Location
- MIAMI
- Posts
- 46
Really just depends on his balances and how the merchant interview goes, don't want him to stack me like he is doing to the other guy.
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11-08-2023, 02:22 PM #17
- Join Date
- Dec 2021
- Posts
- 637
Vadar, CFG, is who my ISO's say do Trucking.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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