Who still funds trucking?
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  1. #1
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    Quote Originally Posted by mca2150 View Post
    I have a great trucking file - 99 years in business, 30,000 trucks. Recently changed their corporate structure but it's a fantastic industry.
    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.

  2. #2
    Senior Member Reputation points: 27981
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    Quote Originally Posted by Olderguy View Post
    Reach out if you want help with this....
    I think this was jokingly referring to Yellow.

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