Trucking Help
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  1. #1

    Trucking Help

    Most of our partners have stopped doing trucking and we have been getting smoked out on trucking for last 2 months.

    Looking for the 5 - 10 month space for trucking, not some 40 - 60 day 1.50 deal.

    Where is the best place to go?

  2. #2
    Westwood is very good

  3. #3
    Try MNR
    Just did a 2nd pos 6 month trucking deal with them

  4. #4
    Senior Member Reputation points: 14091
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    Quote Originally Posted by Sean H View Post
    Most of our partners have stopped doing trucking and we have been getting smoked out on trucking for last 2 months.

    Looking for the 5 - 10 month space for trucking, not some 40 - 60 day 1.50 deal.

    Where is the best place to go?
    And for good reason no one wants to touch trucking.
    Stopped funding trucking a year ago and have way less headaches

  5. #5
    Senior Member Reputation points: 4367
    Join Date
    Sep 2015
    Posts
    122

    Quote Originally Posted by Hartford Capital View Post
    Westwood is very good

    Are they actually a direct funder? It looks like from their website offering MCAs, SBA Loans, equipment financing, etc. that they are a broker

  6. #6
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    Jun 2023
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    we do trucking send over the files to david.m@equitaadvance.com thank you

  7. #7
    Senior Member Reputation points: 4367
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    Quote Originally Posted by David148 View Post
    we do trucking send over the files to david.m@equitaadvance.com thank you
    what is your minimum deposit volume for trucking?

  8. #8
    Senior Member Reputation points: 71352
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    Quote Originally Posted by Sean H View Post
    Most of our partners have stopped doing trucking and we have been getting smoked out on trucking for last 2 months.

    Looking for the 5 - 10 month space for trucking, not some 40 - 60 day 1.50 deal.

    Where is the best place to go?
    We do alot of trucking but we tend to be on the smaller side on 1st position deals (50k max rev each month) If they have payment history, even better. Well be able to price competitively.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  9. #9
    Senior Member Reputation points: 10476
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    Nov 2019
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    676

    Quote Originally Posted by Sean H View Post
    Most of our partners have stopped doing trucking and we have been getting smoked out on trucking for last 2 months.

    Looking for the 5 - 10 month space for trucking, not some 40 - 60 day 1.50 deal.

    Where is the best place to go?
    I am still doing trucking but capping at 6 month max and 250k funded amount. Our rates will be a little higher than a low risk file but not a 1.50 unless the file is made a higher risk due to daily balances credit and time in business. My first position deals work like a line of credit in a way so term does not matter after the first deal if they keep renewing. Feel free to reach out to me to find out more.

    Scott Platto
    Scott@tmrnow.com
    www.tmrnow.com
    212-220-9872.

  10. #10
    At your service!


    Avi Joseph
    Overnight Capital
    (929) 205-8201
    www.overnight-capital.com
    avi@overnight-capital.com

  11. #11
    Member Reputation points: 3088
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    Oct 2020
    Location
    NORTH MIAMI BEACH
    Posts
    13

    We are a direct funder you can request guidelines from Underwriting@westwoodfunding.com

    We have referral relationships for traditional products, those we do not do inhouse.

  12. #12
    Senior Member Reputation points: 22201
    Join Date
    Dec 2021
    Posts
    637

    Ye Trucking -- ties up collection departments. Hats off to those funders that are able to fund them successfully and put commissions in hard working ISO's pockets.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  13. #13
    Yes that's right! We FUND TRUCKING AND CONSTRUCTION! Come on lets chat!

    Minimum Monthly Rev: 25,000
    Maximum Funding Amount: 1,000,000
    Buy Rate: 1.20 - 1.42
    Maximum Up Sell: 15%
    Minimum Time in Business: 1 Year
    Minimum Average Bank Balance: $1,000
    Minimum Fico: 550
    Expected Terms: 4-12 Months
    Maximum Negative Days: 5
    Minimum Deposits Per Month: 5
    Minimum Ownership %: 51

    *B PAPER ONLY*
    We will mainly offer daily payment options, Weekly are possible but is on a strict deal to deal basis! We Fund Trucking, Construction, Cannabis, Lawyers, Puerto Rico, Restaurants and much more!

    Nicholas Curcio
    O: (888) 425-2825
    C: (631) 942-3364
    E: nicholas@greenbuckcapital.com
    www.greenbuckcapital.com

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