[aaron4235]

Currently looking at on-boarding with Dakota.

Was just wondering what companies other brokers are using

[abfunders]

Trust Capital USA, North Mill (requires minimum quarterly funding)
AFG is one of the largest equipment financing companies in the country, they've been nice to work with as well.
Ascentium Capital is bank-owned (like many), but they'll broker out your files if they can't approve it in-house.
Slim is a nice catch-all, they're on the board here, they can get a lot of funky deals done. Maxim is good for the slightly higher-risk.

There are dozens of equipment lenders, the problem is working equipment files is super annoying, they also take forever.

[Zonefund]

Currently looking at on-boarding with Dakota.

Was just wondering what companies other brokers are using

Bro if u dont specialize in these deals, use everlast capital and co broker with em. They can fund the a paper in house.

[Incbiz440]

Trust Capital USA, North Mill (requires minimum quarterly funding)
AFG is one of the largest equipment financing companies in the country, they've been nice to work with as well.
Ascentium Capital is bank-owned (like many), but they'll broker out your files if they can't approve it in-house.
Slim is a nice catch-all, they're on the board here, they can get a lot of funky deals done. Maxim is good for the slightly higher-risk.

There are dozens of equipment lenders, the problem is working equipment files is super annoying, they also take forever.

From the "super broker" angle BSB are pretty smooth to work with. Also have enjoyed dealing with Maxim. Slim my few interactions with them were less than impressive. Centra has been decent.

[Olderguy]

Here are some references to lenders:

Tony is a superbroker - he can get deals done that most lender's can't - has no maximum and also can do cannabis.

I am currently doing several $500,000 Master Credit lines.
Don't know if the contacts on these others are current or not....you'll have to check...

Tony Borchello
First Financial
(888) 211-2197
mobile: (949) 800-5767
tonyb@firstfinancialweb.com

Evan Sowa
Senior Account & Finance Manager
Everlasting Capital Corporations
603-351-4725 | 401-771-4883
evan@everlastingcapital.com

Jeff Brannon
Slim Capital
jeff@slimcapital.com
Office: 949-535-2353
Cell: 949-981-0431

Joe Burleson
Equify Financial LLC- Southeast
777 Main St. Suite 3900, Ft Worth, Tx 76102
|C214-673-8575
joe.burleson@equifyllc.com

Hope that helps and is a start...

You'll need loan app, 3 months business bank statements, invoice on the equipment. If over $150,000 business tax return.

Keep in mind that purchases are registered as debt on the balance sheet. Sale leaseback are better for long term, and better financing. There are Operating leases and Capital leases.

[Zonefund]

Here are some references to lenders:

Tony is a superbroker - he can get deals done that most lender's can't - has no maximum and also can do cannabis.

I am currently doing several $500,000 Master Credit lines.
Don't know if the contacts on these others are current or not....you'll have to check...

Tony Borchello
First Financial
(888) 211-2197
mobile: (949) 800-5767
tonyb@firstfinancialweb.com

Evan Sowa
Senior Account & Finance Manager
Everlasting Capital Corporations
603-351-4725 | 401-771-4883
evan@everlastingcapital.com

Jeff Brannon
Slim Capital
jeff@slimcapital.com
Office: 949-535-2353
Cell: 949-981-0431

Joe Burleson
Equify Financial LLC- Southeast
777 Main St. Suite 3900, Ft Worth, Tx 76102
|C214-673-8575
joe.burleson@equifyllc.com

Hope that helps and is a start...

You'll need loan app, 3 months business bank statements, invoice on the equipment. If over $150,000 business tax return.

Keep in mind that purchases are registered as debt on the balance sheet. Sale leaseback are better for long term, and better financing. There are Operating leases and Capital leases.

Hey Steve. How many deals have you closed with Tony?

[Olderguy]

Hey Steve. How many deals have you closed with Tony?

Several...think I have 4 or 5 in process now...2 Master Credit Lines.

[Olderguy]

If you are talking to a trucking company who needs money, ask
Use of funds - equipment financing, working capital or each/both?
Break it down.

Loans up to 7 years and rates 8% and up.

Programs for Fico 680 and up
620 to 680
Below 620

Amount of money requested...

Day cab, sleeper or what
Long haul, short haul or what?
How many truck current own
Type of products hauled
DOT number
Fico
Loan App
4 months business bank statements
Most recent business tax return - if loan amount over $150,000

Do they require apportioned plate?
Are they Owner Operator or they have drivers?
If have drivers how many driver currently work with them?

If Owner Operator How many years of CDL/ Industry hauling experience?

Is PG a Homeowner or they are renting?

Have they financed or leased a truck before?
How is their current payment history?
If required can we get loan reference from the other lender(s)?

Invoice on truck he wants to buy
Mileage on invoice.
year on invoice
NOTE: Over 500,000 miles and over 10 years old makes it a C-D financing.

For a private party equipment transaction we would need the following:

- Complete condition report (showing make, year, model, with current condition and mileage)
- Photos of the unit

Once unit is approved then lender will request;
- Copy of title (front and back)
- Bill of Sale

[diditevenfund]

Select Funding has a decent co brokering option. If you dont have a track record with EQ, dont waste your time. You will not get direct relationships.

[Incbiz440]

Select Funding has a decent co brokering option. If you dont have a track record with EQ, dont waste your time. You will not get direct relationships.

There are some that will still take new brokers.

[aaron4235]

I've done these kinds of deals before LOL.

My situation is that I was working at pretty good size shop for a while with about 100 guys now im navigating the space on my own figuring out who to partner with because we're newer its harder for us to get onboarded with a lot of the bigger companies.

Got tired pretty quickly of being one of the top selling guys at the company and making **** commissions because the place gave salary. Was making 25% of the commission with a 15$ an hour salary. Kinda blows when you know you're carrying the guys across the room who haven't closed a deal in a month and leave for lunch early.

[Olderguy]

I've done these kinds of deals before LOL.

My situation is that I was working at pretty good size shop for a while with about 100 guys now im navigating the space on my own figuring out who to partner with because we're newer its harder for us to get onboarded with a lot of the bigger companies.

Got tired pretty quickly of being one of the top selling guys at the company and making **** commissions because the place gave salary. Was making 25% of the commission with a 15$ an hour salary. Kinda blows when you know you're carrying the guys across the room who haven't closed a deal in a month and leave for lunch early.

Equipment is time consuming.....send it to someone like Tony and he has multiple banks he has relationships with...it's not worth the time to chase it and doesn't pay like MCA...