1st postition trucking
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  1. #1

    1st postition trucking

    Who funds 1st on trucking ? 200k average rev.
    Strong balances, 13 units on safer

    Need a good deal on 40-50k good term.

    Credit about 650

  2. #2
    Senior Member Reputation points: 227882
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    Try TMR, Everest

  3. #3
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    Quote Originally Posted by Cavalafundingsolutions View Post
    Who funds 1st on trucking ? 200k average rev.
    Strong balances, 13 units on safer

    Need a good deal on 40-50k good term.

    Credit about 650
    Newco / Efinancial / Pearl / expansion (they'll probably give you the best deal)

    I once lost to forward finance on 1sts with deals like this that have a lot of units, so theyre a good bet.

  4. #4
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    Quote Originally Posted by Cavalafundingsolutions View Post
    Who funds 1st on trucking ? 200k average rev.
    Strong balances, 13 units on safer

    Need a good deal on 40-50k good term.

    Credit about 650
    I am with tmr now and we fund trucing. Our first position renewals work like a line of credit in a way. Feel free to reach out to me to discuss getting you signed up with us.

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

  5. #5
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    Some day, there will be a real loan officer who will enter this forum asking questions....but also know the use funds and how quickly the funds will be needed.

    The loan officer, after reviewing the clients financials can then determine an opportunity that makes the most financial sense for the long range benefit of the company. That helps the company grow profitability.

    Not there yet, but it will be coming.

    Maybe a cash out refi of their property - get low rate cash.
    Line of Credit
    ABL - asset based financing on vehicles
    Business credit cards that can convert to a LOC
    equipment based financing of current trucks free and clear....
    Learn and grow or become a dinosaur.

    Which will you be in 5 years...the MCA broker or the Loan Officer.
    Last edited by Olderguy; 06-27-2024 at 11:32 AM.
    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.

  6. #6
    We fund 1st trucking. Max term 5mo/20weeks for trucking. 7mo/28weeks for all other industries.

    You can submit to subs@capitalizegroup.com and mention this thread.

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