[fundingsolution]

Someone here doing the SBA 7(a) for a trucking company's in specific? If you do, I have deals for you on a 50/50 split. Some banks are now rejecting for SBA because of the industry. Please, only who has experience and work with trucking a lot. Thank you!

[abfunders]

What type of trucking? FedEx routes of regular? Do they have 3 years of tax returns ready? Gotta give the forum more info.

[Olderguy]

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.

[fundingsolution]

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

[fundingsolution]

Regular, not fedex, 3 year taxes are ready, needs to refi trucks and get some working capital on top

[Olderguy]

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..

[CRElender]

We are a top ten national SBA lender but we don't do equipment only or working capital. You can go direct to Newtek, Ready Capital or Stronghill Capital for these types of loans. All three advertise they do these types of deals regularly.
Good luck

[SBF]

NewTek restricted all transportation.

[Olderguy]

NewTek restricted all transportation.

NewTek and others like SmartBiz won't do this....I know one who can.

[Ehenek]

Newtek Bites!!!!

[Olderguy]

Newtek Bites!!!!

Hahahahaha....it's your personality bro....

[Olderguy]

I just picked up another SBA non bank lender who won't necessarily collateralize trucks. And they will do contractors too.

[fundingsolution]

I just picked up another SBA non bank lender who won't necessarily collateralize trucks. And they will do contractors too.

Would you mind sharing your contact?

[Olderguy]

Would you mind sharing your contact?

I have more than one but you need to have experience packaging and submitting SBA loans and most people don't. That's why I'm a bit hesitant to offer this right now. They need to collateralize the loan and that is always an issue with truckers. Have to look at their balance sheet and asset list. And trucks that are free and clear might need to have their title turned into the lender. If the trucks get sold within the 10 years of the loan, all that money goes to the lender. It's more than just collecting documents and turning in to the lender. And if you repackage the loan and resubmit it to the credit commited with a request to delete some of the vehicles from the collateral list, you have to justify it...and it happens...you sometimes have to show the lender the way.

It's more than just sharing a contact if you understand what I mean.