Results 1 to 12 of 12
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12-04-2023, 10:56 AM #1
- Join Date
- Jul 2021
- Posts
- 46
First Position Trucking- 400k depos,,
Need a lender for 400k Trucking, 1st
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12-04-2023, 11:00 AM #2
- Join Date
- Oct 2023
- Posts
- 22
We can do it if the merchant has MCA history. Email me
Ben Allen
InstaFund Advance
ISO Relations Manager
E: ben@instafundadvance.com
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12-04-2023, 11:28 AM #3
- Join Date
- Nov 2019
- Posts
- 671
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12-04-2023, 11:31 AM #4
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12-04-2023, 01:23 PM #5
- Join Date
- Jul 2021
- Posts
- 46
Both,,, Need 400k,, Doing over 400k
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12-04-2023, 03:34 PM #6
If the merch contracts for amazon/walmart, etc, Credibly
Mulligan, regardless
Wall st if they are truly a new applicant. Your best bet might be to find an aggressive b paper lender that really likes the deal...trucking so tough nowadays even when clean.
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12-04-2023, 03:47 PM #7
If they have no positions, have two SBA lenders that might do it if financials look good and business cash flows.
Need to look at assets.
That would be much better alternative.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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12-05-2023, 10:42 AM #8
- Join Date
- Nov 2019
- Posts
- 671
Right now my company caps at 250k for trucking. Our renewals on first position works like a line of credit in a way where when a merchant comes back for more capital we keep the payment the same just add the new money to the back end and extend the original term out longer. This way the merchant gets the lower rate on the shorter terms but gets a longer term and more money in the long run.
If the merchant needs the whole 400k now and we see they can afford it we sometimes give permission for them to stack as long as they do not go over a certain gross reserve.
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12-05-2023, 11:21 AM #9
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12-05-2023, 11:41 AM #10
- 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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12-06-2023, 02:45 AM #11
- Join Date
- Oct 2022
- Posts
- 280
Well what type of trucking company to start? Secondly, do they have cashflow, collateral, and character? It might also make sense to look at other things for different instruments. I am curious how much equipment is owned out right and how much equipment is EFA or FMV?
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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12-12-2023, 06:16 PM #12
- Join Date
- Sep 2023
- Posts
- 42
Was this funded already? I’d love to take a look
908-208-3593
Andrew@arkcapitalfunding.com
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