Whos funding trucking?
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  1. #1

    Whos funding trucking?

    It seems like everyone says they will fund trucking but it is increasing difficult to fund truckers. Looking to see where or rather with who, people are having success with.

  2. #2
    Mainly CFG since most other lenders have really tightened up their criteria for the industry.

  3. #3
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Do the need working capital for operations or money for equpment financing...that will determine lenders.
    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.

  4. #4
    We fund trucking with good rev!
    MNY Capital
    T: (646) 589-9380
    E: Jacob@mnycapital.com
    W: https://mnycapital.com/

  5. #5
    Senior Member Reputation points: 10476
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    Quote Originally Posted by #1Funder View Post
    It seems like everyone says they will fund trucking but it is increasing difficult to fund truckers. Looking to see where or rather with who, people are having success with.
    I am still funding trucking as long as they have at least three trucks on the road and strong ending daily balances. Our term goes 6-9 months depending on each file and we cap at 20k on the first few deals at least. Our first position renewals work kind of like a loc with true add ons that extend the term out longer.


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

  6. #6
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Quote Originally Posted by #1Funder View Post
    It seems like everyone says they will fund trucking but it is increasing difficult to fund truckers. Looking to see where or rather with who, people are having success with.
    We fund trucking companies with as few as 1 truck.

    If they are factoring invoices, we will need the factoring company to sign off. No credit checks. Feel free to reach out for more details
    East Shore Equities, LLC
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  7. #7
    We can help if you are still looking for an offer for this merchant.


    Jacquelline Bogdanov
    ISO Relations, Uptop Finance
    E: jacquelline@uptopfinance.com
    C: 929-265-5706

  8. #8
    Senior Member Reputation points: 4118
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    Lending Valley is still funding trucking. We require a minimum of $100k gross along with 4 drivers, 4 power units, and no home based trucking. Let's touch base and see what we can do together
    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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