[FundingMessiah]

It seems like every week more and more lenders are not doing trucking. Does anyone have a list of funders that are still doing trucking?

[CornerStoneFunding]

It seems like every week more and more lenders are not doing trucking. Does anyone have a list of funders that are still doing trucking?

We are funding trucking. DOT needs to be reporting 2 or more trucks and drivers

[Elias]

Trucking is terrible and I wouldn't talk to a trucking merchant except by accident. When lenders change their guidelines I'll start calling them again

[closer129]

It seems like every week more and more lenders are not doing trucking. Does anyone have a list of funders that are still doing trucking?

I am funding trucking as long as they have at least 3 trucks on the road and good daily balances.


Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872

[Clarity Advance]

We fund trucking if they are doing at least 150k in revenue and have at least one other position they are making payments on.
I'd be happy to email you our guidelines.

[BR-Nightmare]

It seems like every week more and more lenders are not doing trucking. Does anyone have a list of funders that are still doing trucking?

Trucking Companies are very high risk.

Especially if it's one vehicle. If there truck breaks down, they are SOL. Plus when the price of Diesel goes up, that's a huge expense that 9 times out of 10 the Owner will prioritize over paying a funder.

From my experience as well, I see more and more of these Merchants truly not understanding the terms of the agreement or coming across issues with the Brokers. (Bait and switch, LOC Scam, Multiple fundings, false promises or even over promising and under delivering)

You also have to consider the factoring companies that have closed or have had $ issues. That's another big blow.

So at the end of the day if the Risk keeps growing and the reward/return is lowering, the funders will slowly back off this industry.

Many pause for a bit or have strict guidelines that have to be met.

[closer129]

Trucking Companies are very high risk.

Especially if it's one vehicle. If there truck breaks down, they are SOL. Plus when the price of Diesel goes up, that's a huge expense that 9 times out of 10 the Owner will prioritize over paying a funder.

From my experience as well, I see more and more of these Merchants truly not understanding the terms of the agreement or coming across issues with the Brokers. (Bait and switch, LOC Scam, Multiple fundings, false promises or even over promising and under delivering)

You also have to consider the factoring companies that have closed or have had $ issues. That's another big blow.

So at the end of the day if the Risk keeps growing and the reward/return is lowering, the funders will slowly back off this industry.

Many pause for a bit or have strict guidelines that have to be met.

I agrree with you 100% on this statement.

[Clark Sica]

Lending Valley is still taking on trucking. We're one of the few that never stopped funding trucking, let's touch base.

[UrusFundingJustin]

Urus Funding is funding trucking as long as it meets these guidelines:

Min 50k revenue
Min 3 trucks

Our only restricted industries are car sales, bail bonds, and anything to do with gambling

[Steven_O]

I just closed a trucking deal, where the merchant did $4k last month, but $325k last year. She got $110k on an SBA loan. BTW - 2 trucks and just bought 2 more.

If they have credit near 700, and last 2 years of tax returns... it's possible!

[14Funded99]

in how long though? we're talking about same day funding. not same year funding.

[CornerStoneFunding]

in how long though? we're talking about same day funding. not same year funding.

we will fund a trucker same day. needs to be reporting 2 or more trucks and drivers to DOT and have min 10k rev per month

[overnightcapital]

funding always same day!!!

[Ehenek]

How many trucks do they own?

[Fund930]

yes, we're on-board with a micro-funder who will fund with only 1 truck on the road and 5k min monthly rev. Feel free to reach out, they've been great to us.

[Livletliv]

WE FUND TRUCKING!


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[Bcooper]

It seems like every week more and more lenders are not doing trucking. Does anyone have a list of funders that are still doing trucking?

I have a 24-30 month option for trucking, mid teens rate 2 week closing. company needs to be doing at least 3mil a year in rev.

[fundinggrasshopper]

I have a 24-30 month option for trucking, mid teens rate 2 week closing. company needs to be doing at least 3mil a year in rev.

can this program be utilized (essentially) to pay off mca debt?

Lets connect...sending you an email

[DFLEXFUNDS]

Lexio capital is doing trucking. With daily or weekly options 580+ credit score $15k min rev

[DLevin]

We dont love trucking but we are happy to price and fund trucking files that gross over 250k month.

David Levin
29 West 36th St
New York, NY 10018
Direct 516-444-6141
Email dlevin@appfundingbeta.com

www.appfundingbeta.com
BETTER BUSINESS BUREAU® Accredited

[Olderguy]

I am doing a SBA 7A for a trucker $870,000.

[FCF Fund]

Lexio capital is doing trucking. With daily or weekly options 580+ credit score $15k min rev

Lexio is legit, honest and communicates clearly and pays commissions on time. Hard to find that in the SOFLO area.

[Bcooper]

can this program be utilized (essentially) to pay off mca debt?

Lets connect...sending you an email

yes it can be

[PANTHERSCAP]

We fund trucking, minimum 3 trucks, and 300k monthly rev.

[Paz]

We do select transportation companies.
5 vehicles minimum and prior payment history are basic requirements.

Daniel Gold
Paz Funding Source LLC
310-845-6112
dan@PazFundingSource.com