Results 1 to 7 of 7
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09-24-2023, 06:35 PM #1Member
Reputation points: 18
- Join Date
- Jun 2023
- Posts
- 21
Trucking
I know Trucking is tough right now.. I have client looking for 30-50k of working capital, has been in business over 20 years and deposits roughly 50k per month.
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09-24-2023, 07:46 PM #2Member
Reputation points: 13
- Join Date
- Jul 2022
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- 26
Low revenue for Industry, you could try the likes of greenbox and lenders similar. But your most likely gonna have to lean towards more high risk lenders. Everest is pretty good on dollar amounts for non preferred industries.
Christopher Plummer
Owner/Senior Business Consultant
Line of Credit Specialist
Visionbridge Advisors
Visionbridgeadvisors.com
https://www.linkedin.com/in/christop...mer-63845b230/
Office: 7865102522
Miami, Fl
Our Line of Credit will buyout your MCA positions at 18%
Equipment Financing
We also have an Accounts Receivables Line of credit
Feel Free to Call or shoot me a text
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09-25-2023, 08:28 AM #3Member
Reputation points: 18
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- Jun 2023
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- 21
Thank you for your quick response. I want to hear more about your line of credit.
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09-25-2023, 11:40 AM #4Senior Member
Reputation points: 10476
- Join Date
- Nov 2019
- Posts
- 670
We do smaller trucking companies as long a they have at least 3 trucks on the road at time of funding. We cap at 6 months for smaller ones but our first position deals work sor of like a credit line. We do not refinance the balances on renewals we just extend the term out and keep the payments the same.
Originally Posted by Richeyrich
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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09-25-2023, 03:07 PM #5Senior Member
Reputation points: 6957
- Join Date
- Oct 2017
- Posts
- 335
We fund trucking companies and continue to actively do so. However, based on the revenue figures you provided, a $50,000 offer would not be justifiable. Should your client be interested in exploring an alternative offer, please do not hesitate to contact us. It is worth noting that we do not conduct credit inquiries, thereby posing no detriment to entertain a backup offer from our end. Originally Posted by Richeyrich
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09-25-2023, 03:25 PM #6Senior Member
Reputation points: 72398
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,247
I got a trucker $69,000 with $12K in monthly deposits through Midwest Corporate Credit business Credit Card LOC. Needs a 700+ Fico.
BAILEY BLASDEL
Business Finance Consultant
Midwest Corporate Credit
(630) 974-5507
(630) 281-5915
Bailey@midwestcorporatecredit.comLast edited by Olderguy; 09-25-2023 at 03:31 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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09-27-2023, 11:32 AM #7Senior Member
Reputation points: 150
- Join Date
- Aug 2023
- Location
- Coral Springs, FL
- Posts
- 103
we will look at those trucking files if DOT is reporting more than 1 truck and driver Originally Posted by Richeyrich
Mike Guiliano
ISO Relations Manager
(786) 629-5771
3111 N University Blvd Suite 604
Coral Springs, FL
michael@cornerstonefundingllc.com
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