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08-03-2023, 12:56 PM #1
- Join Date
- Aug 2022
- Posts
- 38
Who still funds trucking?
I have been seeing a lot of trucking files the last few days. I usually don't waste my time with less than two trucks on the DOT but have been seeing higher quality logistics files.
What lenders are still funding trucking with reasonable rates and terms?
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08-03-2023, 01:00 PM #2
Forward I believe and definitely Everest
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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08-03-2023, 01:17 PM #3
- Join Date
- Dec 2022
- Posts
- 68
Try Rapid
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06-18-2024, 04:02 PM #4
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06-19-2024, 08:56 AM #5
- Join Date
- Feb 2023
- Location
- New York
- Posts
- 65
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08-07-2023, 11:34 AM #6
- Join Date
- Jul 2023
- Posts
- 19
Overnight Capital is Actively Funding trucking files (Over $250k and 15 trucks minimum)
Last edited by Avi joe; 06-27-2024 at 06:34 PM.
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08-07-2023, 11:55 AM #7
- Join Date
- Jan 2020
- Location
- Brooklyn, New York
- Posts
- 125
Lending Valley is still funding trucking files.
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
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08-07-2023, 01:14 PM #8
- Join Date
- Jul 2023
- Posts
- 39
forward (they dont prefer it) but they do it, Everest, capitalize, American choice capital, and I think delta bridge but not sure about them
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08-08-2023, 09:37 AM #9
- Join Date
- Feb 2023
- Location
- New York
- Posts
- 65
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08-07-2023, 01:23 PM #10
We fund trucking.
Requirements : 100,000 monthly + , national bank , 10 trucks.FUNDFI
Alex Davis
Director of ISO relations.
Alex@fundfimerchantfunding.com
www.fundfimerchantfunding.com/
https://www.linkedin.com/company/fundfi-merchant-funding/
Office Number : (929) 277-0182
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08-07-2023, 03:36 PM #11
- Join Date
- Nov 2019
- Posts
- 688
I will as long as they have at least 3 trucks on the road and been in business for at least over 1.5 years. Plus they are willing to take a 6 month deal but will work like a line of credit with add on renewals.
Scott Platto
scott@tmrnow.com
www.tmrnow.com
212-220-9872
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08-07-2023, 05:59 PM #12
- Join Date
- Mar 2016
- Posts
- 908
Copy Paste of my post earlier on a different thread:
We fund ALOT of truckers - feel free to reach out, ill have an iso rep appointed to you.
Some more info:
1: Must have Factoring in Place
2: Minimum Revenue of 20k per month
3: Maximum Revenue of 100k per monthThank 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
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08-08-2023, 09:42 AM #13
- Join Date
- Aug 2020
- Posts
- 148
I have a great trucking file - 99 years in business, 30,000 trucks. Recently changed their corporate structure but it's a fantastic industry.
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08-08-2023, 10:52 AM #14
1. Master equipment funding package.....same bank, nothing else needed - fund on invoice -
Here's an example for a smaller client:
We propose establishing a Master Finance account. This facility will not only cater to the current financing need but also future requirements, functioning similarly to a line of credit, albeit exclusively for equipment acquisitions.
From the data already in our possession, we can offer you a master line of credit up to $250K. However, providing additional financial statements could potentially raise this limit to $500K.
Please let us know your level of interest in this Master Finance account and estimate the amount you anticipate needing for equipment acquisitions for your company over the next six months.
2. SBA 7A - Can also do a SBA 504 for equipment - but:
The Jobs Act also established for applicants for the SBA's Business Loan Programs an interim alternative size standard of not more than $15 million in tangible net worth and of not more than $5 million in the average net income after Federal income taxes (excluding any carry-over losses) of the applicant for the two full fiscal years before the date of the application.
3. May have private money available if had more information.
Reach out if you want help with this....Last edited by Olderguy; 08-08-2023 at 11:39 AM.
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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08-08-2023, 12:13 PM #15
- Join Date
- Aug 2017
- Posts
- 249
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08-08-2023, 11:13 AM #16
- Join Date
- Nov 2021
- Posts
- 52
Eminent still funds trucking with over 75k in revenue,
Email me alex@eminentfunding.com to get started with iso agreement.
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08-11-2023, 03:06 PM #17
- Join Date
- Aug 2023
- Posts
- 61
We've always done larger transportation and trucking
Email me iso@seabrookfunding.com
Sara
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08-14-2023, 02:14 PM #18
- Join Date
- Aug 2018
- Posts
- 851
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08-18-2023, 01:43 AM #19
- Join Date
- Mar 2023
- Posts
- 54
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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11-03-2023, 12:56 PM #20
- Join Date
- Oct 2023
- Posts
- 22
We fund trucking with a minimum rev of 200k, and 3-5 trucks
Contact me
Ben Allen
InstaFund Advance
ISO Relations Manager
E: ben@instafundadvance.com
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05-14-2024, 02:43 PM #21
- Join Date
- Aug 2022
- Posts
- 29
We fund trucking 100k min rev, 6 trucks min.
Tai Halberstadt
OnTap Capital
Tai@ontapcap.com
929-577-9240
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05-30-2024, 05:03 PM #22
- Join Date
- Mar 2023
- Posts
- 49
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06-18-2024, 03:14 PM #23
- Join Date
- Aug 2022
- Posts
- 29
Hi, what's the name of your brokerage? Please reach out over an email if it's more convenient, I'd like to look deeper into this issue.
Diana
diana@ontapcap.com
929-566-7317
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05-16-2024, 03:32 PM #24
funding trucking!!!!!!
Jacob Barr
Overnight Capital
ISO Relations
(929) 205-8207
(929) 665-3993
jacob@overnight-capital.com
www.overnight-capital.com
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05-30-2024, 05:16 PM #25
- Join Date
- Feb 2023
- Location
- New York
- Posts
- 65
Forward
CFG
Bitty, Big Bitty***
Delta stopped a while ago and even then it wasn't 1 truck trucking which is who would go to them anyway
Fora maybe I don't work with them tho
Ondeck did before 2024, they definitely dropped off from that or at least slowed down at bare minimum for obvious reasons
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