Need 50k for trucking company
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  1. #1

    Need 50k for trucking company

    Trucking company (4 trucks) looking for 50k approval for a 1st position.
    March - 153k
    April - 93k
    May - 248k
    June MTD - 90k

    Daily balances are strong throughout even with the up and down revenue. Merchants credit is weak (580ish) and they're only in business 10 months. Best place to send the file? Or any ideas on how to attack the file in general feel free to lmk what ya think.

  2. #2
    Senior Member Reputation points: 4118
    Join Date
    Jan 2020
    Location
    Brooklyn, New York
    Posts
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    Revenue is sporadic but this looks like something we can take on at Lending Valley. Reach out to me directly and let's touch base here.
    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

  3. #3
    Senior Member Reputation points: 10476
    Join Date
    Nov 2019
    Posts
    669

    Quote Originally Posted by JR3 View Post
    Trucking company (4 trucks) looking for 50k approval for a 1st position.
    March - 153k
    April - 93k
    May - 248k
    June MTD - 90k

    Daily balances are strong throughout even with the up and down revenue. Merchants credit is weak (580ish) and they're only in business 10 months. Best place to send the file? Or any ideas on how to attack the file in general feel free to lmk what ya think.
    Why is the revenue so sporadic for a trucking company? What does he Haul?

  4. #4
    Senior Member Reputation points: 72398 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,244

    If he owns any of the trucks free and clear, can get him 3 year term in a week or less.
    He can do 100% financing....just requries 1st and last month payment + $500.

    Reah out to Tony:

    Tony Borchello
    First Financial
    phone: (888) 211-2197 EXT:700
    mobile: (949) 800-5767
    tonyb@firstfinancialweb.com
    www.firstfinancialweb.com
    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.

  5. #5
    Banned Reputation points: 10
    Join Date
    Jun 2023
    Location
    Miami/Queens
    Posts
    25

    I can take a look, send it over to nick@pinnacleadvances.com

  6. #6
    Banned Reputation points: 10
    Join Date
    Jun 2023
    Posts
    15

    we will gladly take a look send over the files, david.m@equitaadvance.com

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