Results 1 to 25 of 30
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10-02-2023, 10:31 AM #1
- Join Date
- Jun 2020
- Posts
- 3
Who is doing trucking nowadays?
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?
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10-02-2023, 10:34 AM #2Mike Guiliano
ISO Relations Manager
(786) 629-5771
3111 N University Blvd Suite 604
Coral Springs, FL
michael@cornerstonefundingllc.com
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10-02-2023, 10:47 AM #3
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
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10-02-2023, 10:48 AM #4
- Join Date
- Nov 2019
- Posts
- 685
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
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10-02-2023, 11:10 AM #5
- Join Date
- Sep 2022
- Posts
- 58
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.
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10-02-2023, 11:39 AM #6
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.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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10-02-2023, 11:49 AM #7
- Join Date
- Nov 2019
- Posts
- 685
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10-02-2023, 12:27 PM #8
- Join Date
- Jan 2020
- Location
- Brooklyn, New York
- Posts
- 125
Lending Valley is still taking on trucking. We're one of the few that never stopped funding trucking, let's touch base.
Clark Sica
Business Development Manager
Lending Valley, Inc.
Office Line: 347-478-5161
Mobile Line:347-536-0528
Fax: 1-888-850-1971
www.LendingValley.com
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10-02-2023, 02:08 PM #9
- Join Date
- Oct 2023
- Posts
- 12
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
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10-02-2023, 03:16 PM #10
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
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!
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10-02-2023, 07:33 PM #11
in how long though? we're talking about same day funding. not same year funding.
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10-03-2023, 09:31 AM #12Mike Guiliano
ISO Relations Manager
(786) 629-5771
3111 N University Blvd Suite 604
Coral Springs, FL
michael@cornerstonefundingllc.com
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10-18-2023, 11:07 PM #13
funding always same day!!!
Overnight Capital
(929) 665-3993
jacob@overnight-capital.com
http://www.overnight-capital.com
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10-18-2023, 11:13 PM #14
- Join Date
- Oct 2022
- Posts
- 291
How many trucks do they own?
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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10-19-2023, 10:17 AM #15
- Join Date
- Oct 2022
- Posts
- 3
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.
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10-19-2023, 03:47 PM #16
- Join Date
- Oct 2023
- Posts
- 13
WE FUND TRUCKING!
Tired of getting your deals killed?
Are you ready to level up your game in the lending industry? Liv Funding is on the lookout for dynamic and ambitious ISOs to join our team and embark on a journey to success together!
Start sending in your deals ASAP and well get those deals funded!
Specialize in B-D paper
We fund 1sts case by case basis
$50k/Month in Rev
1 Year Time in Business
3+ Deposits each month
Max term: 140 days
Max Funding: $500k
12 points at 1.499
Stips: DL, VC and AR
Restricted Industries:
Home Healthcare, Law Firms, Consultants, Staffing Companies, Marketing/Advertising companies, Travel Agencies, Vitamin Supplement, Financial Services
Submissions:
Submissions@livfunding.com CC Amit@livfunding.com
917-768-3099
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10-20-2023, 11:42 AM #17
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
Midwestern Financial Solutions
CEO
Office - (954) 694-6402
email- Info@midwesternfinancialsolutions.com
MidwesternFinancialSolutions.com
Where your box ends ours begins.
https://www.linkedin.com/company/mid...ial-solutions/
linkedin.com/in/brandon-cooper-426615267
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10-20-2023, 11:47 AM #18
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10-20-2023, 03:23 PM #19
- Join Date
- Feb 2023
- Location
- Hollywood
- Posts
- 11
Lexio capital is doing trucking. With daily or weekly options 580+ credit score $15k min rev
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10-20-2023, 04:11 PM #20
- Join Date
- Aug 2023
- Posts
- 19
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
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10-20-2023, 04:15 PM #21
I am doing a SBA 7A for a trucker $870,000.
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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10-20-2023, 04:51 PM #22
- Join Date
- Nov 2013
- Posts
- 598
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10-20-2023, 04:55 PM #23
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
Midwestern Financial Solutions
CEO
Office - (954) 694-6402
email- Info@midwesternfinancialsolutions.com
MidwesternFinancialSolutions.com
Where your box ends ours begins.
https://www.linkedin.com/company/mid...ial-solutions/
linkedin.com/in/brandon-cooper-426615267
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10-23-2023, 09:33 AM #24
- Join Date
- Oct 2023
- Posts
- 8
We fund trucking, minimum 3 trucks, and 300k monthly rev.
Daniel Shim
Personal - 917-670-8315
Email - Daniels@pantherscapital.com
Website - pantherscapital.com
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10-23-2023, 01:22 PM #25
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
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