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  1. #1
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    I have a SBA non bank lender who can do it...but loan amount needs to be $350k or more. Reach out. Have to look at finances and do cash flow analysis.
    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.

  2. #2
    How many trucking deals (SBA) have you done in last 6 months? Non Bank lender sounds like a good solution

  3. #3
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Quote Originally Posted by fundingsolution View Post
    How many trucking deals (SBA) have you done in last 6 months? Non Bank lender sounds like a good solution
    Doing 4 right now.

    Start with a basic loan application

    Just click on this link below and complete the application:

    https://app.hellosign.com/s/JljnpJWp

    For each company:

    1. 2022 year end P & L and balance sheet, 2023 YTD
    2. 2 years business tax returns
    3 2 years personal tax returns
    4 Schedule of liabilities form 2202
    5 Use of funds summary -
    6. Fico scores
    7. 6 months business bank statements

    How many W-2 employees do you have?
    Do you own or rent your primary residence
    What is your monthly payment?

    Need the following:

    https://www.sba.gov/document/sba-for...le-liabilities

    And you should have a use of funds worksheet:

    The SBA will want to collateralize the trucks and we have to go to the credit committee and get those removed.

    If you need to refinance trucks, remember they will be collateralized for 10 years. I can do equpment cash out or refinancing separately with a shorter term.

    The get each package over to me..
    Last edited by Olderguy; 07-10-2023 at 12:29 PM.
    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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