[Emccusker0803]

Need a lender for 400k Trucking, 1st

[Ben@IFA]

We can do it if the merchant has MCA history. Email me

Ben Allen
InstaFund Advance
ISO Relations Manager
E: ben@instafundadvance.com

[closer129]

Need a lender for 400k Trucking, 1st

Are they doing 400k in revenue or looking for 400k or both?

[MJames]

need a lender for 400k trucking, 1st

tvt

[Emccusker0803]

Both,,, Need 400k,, Doing over 400k

[fundinggrasshopper]

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.

[Olderguy]

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.

[closer129]

Both,,, Need 400k,, Doing over 400k

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.

[ESE5020]

Need a lender for 400k Trucking, 1st

We are not a lender but we do offer MCA Funding on 1st position trucking deals.

[Bcooper]

Need a lender for 400k Trucking, 1st

as long as the ar is decent I could get him a 2-3 year bridge loan in the mid teens as far as interest. monthly payments only.

[Ehenek]

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?

[ArkCapitalFunding]

Was this funded already? I’d love to take a look
908-208-3593
Andrew@arkcapitalfunding.com