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07-12-2024, 12:49 PM #1Member
Reputation points: 10
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COLLATERAL - Lenders That would Fund on Truck Collateral
Who would be a good fit to fund a trucking deal that is willing to put up 1 or 2 of his trucks as collateral.
TIB: 2+ years
Credit: 620
Monthly Rev: avg $15k-20k
Truck 1:
HINO
Mileage $250k
Year: 2011
Truck 2:
Freightliner
Mileage: 400k
Year 2003
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07-12-2024, 01:09 PM #2Senior Member
Reputation points: 16709
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Tough deal I dont even think Dakota Fin will take it.
Originally Posted by Kash
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07-12-2024, 01:10 PM #3Senior Member
Reputation points: 78887
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Too old....should be 2015 or later...
Not enough revenue.
But you can send Tony a loan app, 4 months business bank statements, VIN pics, pics and odometer pics.
And condition report.
https://drive.google.com/file/d/1OKg...ew?usp=sharing
Tony Borchello
First Financial
(888) 211-2197
mobile: (949) 800-5767
tonyb@firstfinancialweb.com
Dakota is like a equipment MCA.Last edited by Olderguy; 07-12-2024 at 04:51 PM.
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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