Results 1 to 3 of 3
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07-28-2023, 01:33 PM #1
- Join Date
- Nov 2014
- Location
- Fort Lauderdale, FL
- Posts
- 66
Small Trucking Co in need of 20k
Hi lenders,
Looking for a Direct source that would consider a small trucking company doing 40k/mo. The file was declined due to 6 negatives days in past 90 days. Most of those negatives days happened in May. Only a copuple in June and July. He does not do factoring. He has assigned routes.
About the file:
- Local trucking
- 3 trucks in Fleet
- 40k/mo average revenue (Jan -April is the low season for trucking. The revenue for the last 2 months has been 60k).
- FICO: 580
TIB: 3 Years
Customer has been renting a truck for $1,100/mo. So he is looking to buy one in cash for 20k and pay the same, but the truck will be his.Last edited by Wmateo; 07-28-2023 at 01:36 PM.
William R. Mateo
Mateo Capital Group
Tel: (954)802-2833|Fax: (888)860-1508
http://www.mateocapitalgroup.com
Supporting Common Sense Financing!
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07-28-2023, 01:42 PM #2
- Join Date
- Nov 2019
- Posts
- 691
If the daily balances are strong we have a 3 truck minimum and 1.5-2 years in business. Feel free to reach out to me.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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07-28-2023, 01:45 PM #3
I have financed a truck purchase 100% with a 585 Fico
Look at equipment financing
Reach out to Tony
Tony Borchello
First Financial
phone: (888) 211-2197 EXT:700
mobile: (949) 800-5767
tonyb@firstfinancialweb.com
Usually needs 1st and last month down plus $500.
Rate may be 20% - 25%
3-5 years
Can cross collateralize too.Last edited by Olderguy; 07-28-2023 at 01:48 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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