Results 1 to 6 of 6
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08-15-2023, 02:09 PM #1
- Join Date
- Nov 2014
- Posts
- 62
Anyone lends trucking company
Over several Semi's
Generate 400k a month
Postive end-of-month balances
Fico: 750
Been in business for 6 years
Seeking 220k
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08-15-2023, 02:22 PM #2
- Join Date
- Feb 2017
- Posts
- 3,396
And they're already factoring, did you check that? How about any other senior debt?
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08-16-2023, 10:31 AM #3
- Join Date
- Mar 2023
- Posts
- 18
With a 750 FICO, if the rest of the client's personal credit profile is strong we may be able to get him 220K or at least close to it.
700+ Hybrid Funding is primarily a personal credit driven funding system that encompasses multiple methods of bank and credit union funding.
Most Clients with a high FICO score (over 700 for homeowners and over 720 for renters) and a strong personal credit profile will qualify for the following monthly payment products:
1. Bank funded personal term loans (3 - 7 year terms with no pre-payment penalties.
2. Business Credit Cards (Most with a 0% introductory rate)
3. Credit Union Issued Personal Lines of Credit (Interest only monthly payments)
4. Credit Union Issued Personal Credit Cards (Lower rates than bank issued credit cards)
The combination of all of these can generate a total funding and credit issuance (combined amount) as high as 300K in some cases.
Some clients with profitable businesses (in mainstream industries) located in states where we have banking relationships can also qualify for:
1. Business Term Loans (2 - 7 year terms with no pre-payment penalties)
2. Business Lines of Credit (Interest only monthly payments)
3. Dynamic business credit cards (with the available balance fluctuating weekly according to bank deposit volume)
In the cases where these extra funding products do happen it can be an extra $150,000 to $300,000 for a client (on top of the personal loans, 0% intro rate business credit cards and credit union personal lines of credit and credit cards).
ISOS can earn up to 9% commission on a 15% Client fee. That is the highest in the industry that we know of for this type of program. Some people charge clients a 20% fee but we do not believe that 20% is a sustainable business model.
We do not get paid by the banks and credit unions. We only get paid from the client via ACH or e-check each time a loan funds and each time a credit line or credit card is fully approved.
ISOS are paid each Friday afternoon on whatever client fees have cleared into our account by that morning.
Our buy rate is 6%. Whatever an ISO has us charge over that (up to 15%) is their commission.
For more information on what types of clients this program can work for, or to request an ISO Agreement, you can visit our Partners page here:
https://bizloansinc.com/partners/
All ISO Client Submissions are done securely here (by the ISO only)
https://bizloansinc.com/iso-client-submissions/
Dan Raymond
Biz Loans Inc.
300 Delaware Ave
Suite 210
Wilmington, DE 19801
website: bizloansinc.com
email: dan@bizloansinc.com
toll free: (610) BIZ LOAN
direct: (302) 397-3777Last edited by 700+Hybrid; 08-16-2023 at 10:55 AM.
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08-16-2023, 10:52 AM #4
I can do a SBA 7A for them. Assuming they qualify - cash flow, business assets, etc.
Last edited by Olderguy; 08-16-2023 at 10:57 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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08-16-2023, 02:05 PM #5
- Join Date
- Nov 2019
- Posts
- 669
I am still doing trucking and sounds like this may fiit into our wheel house. Reach out to me so we can discuss the fiel.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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08-16-2023, 02:40 PM #6
- Join Date
- Aug 2023
- Posts
- 5
I can take a look.
Trucking has been a tough one lately but we have helped a few out.
Worth a conversation, reach out if interested.
Joseph Zafir
754-610-2148
yossi@siysolutions.com
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