Who Still Funds Small Trucker Files?
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  1. #1

    Who Still Funds Small Trucker Files?

    Hi everyone,

    I have a short list of funders for small transportation files (1-2 trucks, factoring in place, rev 20-40k), but not sure if they're still funding these files.

    Figured I'd post here to receive up-to-date replys instead of calling each one to check.

    Looking for 2nd & 3rd position funders (1st would be nice too).

    Sitting on some files, just waiting for offers.....

  2. #2
    Try with Knight Capital, Vader, Bitty, Efinancial
    Last edited by FundingGuy; 08-28-2023 at 02:47 PM.

  3. #3
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    If they have 700+ Fico go for a personal loan.

    Dan at BizLoans.
    Steve Benjamin
    Professional Business Loans

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  4. #4
    Quote Originally Posted by FundingGuy View Post
    Try with Knight Capital, Vader, Bitty, Efinancial
    Have these funder on my list already, except Knight Cap...they're in the small trucking space? Thank you for the reply.

  5. #5
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    Quote Originally Posted by IsoMca2023 View Post
    Have these funder on my list already, except Knight Cap...they're in the small trucking space? Thank you for the reply.
    Fundkite, & maybe Arsenal if 3 trucks +...

  6. #6
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    CFG, Westwood, Forward, Fora if its a clean deal

  7. #7
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    Quote Originally Posted by IsoMca2023 View Post
    Hi everyone,

    I have a short list of funders for small transportation files (1-2 trucks, factoring in place, rev 20-40k), but not sure if they're still funding these files.

    Figured I'd post here to receive up-to-date replys instead of calling each one to check.

    Looking for 2nd & 3rd position funders (1st would be nice too).

    Sitting on some files, just waiting for offers.....
    If it is a clean deal and has room I will do at least 3 trucks on the road minimum. If it is a first position we work kind of like a line of credit in a way. Feel free to reach out to me to find out more.

    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-987s

  8. #8
    Senior Member Reputation points: 150 CornerStoneFunding's Avatar
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    We look at trucking deals only if they have more than one truck and one driver listed on DOT
    Mike Guiliano
    ISO Relations Manager
    (786) 629-5771
    3111 N University Blvd Suite 604
    Coral Springs, FL
    michael@cornerstonefundingllc.com

  9. #9
    Senior Member Reputation points: 71352
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    We fund a lot of truckers / Transport - feel free to reach out, ill get you in touch with one of our ISO Reps.
    Thank 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

  10. #10
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    anyone have a contact at knight capital?

    Mike

  11. #11
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    Small truckers with a 700+ FICO?

    Yeah right, I have never seen one.

  12. #12
    I know a guy who funds the smallest trucking and construction deals and only requires 5k/monthly. He will fund it with one truck on the road, doesn't care. FICO doesn't matter either. Boutique funder. Does 1st positions as well. DM if you still need.

  13. #13
    His default rate must be through the roof

  14. #14
    Senior Member Reputation points: 150 CornerStoneFunding's Avatar
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    Quote Originally Posted by Fund930 View Post
    I know a guy who funds the smallest trucking and construction deals and only requires 5k/monthly. He will fund it with one truck on the road, doesn't care. FICO doesn't matter either. Boutique funder. Does 1st positions as well. DM if you still need.
    what happens when that one truck blows a transmission? merchant loses the main source that drives his revenue (no pun intended)
    Mike Guiliano
    ISO Relations Manager
    (786) 629-5771
    3111 N University Blvd Suite 604
    Coral Springs, FL
    michael@cornerstonefundingllc.com

  15. #15
    Senior Member Reputation points: 16767 fundinggrasshopper's Avatar
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    Quote Originally Posted by GoldStandard View Post
    Fundkite, & maybe Arsenal if 3 trucks +...
    maybe 18 months ago....lmao... but definitely not anymore for either of these funders.

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