[FundingCaptain]

Seems like more and more funders are either not funding this SIC code or really restricting it (for example not funding any merchant doing less than 150k monthly revenue)...


Im still able to get it done with as little as 3 vehicles on the road!


if your having issues placing these types of files, reach out to me.

[Olderguy]

Well as long as you are posting this under MCA, I have a SBA lender that can do trucking.

[Biz Growers]

What is the monthly revenue requirements?

[AbeSiegel]

We fund trucking as well.
150 minimum revenue

abe@megedfunding.com

[FundingGuy]

I'm not sure, If a trucking business is making more than 150k/month why do they need this kind of Loan?

[FundingCaptain]

they dont manage their money well enough to meet their needs. I get 500k monthly rev trucking companies submitting who can barely keep 2k in the bank trying to look for funding

[FundingCaptain]

we dont have a minimum, so long as they have 3 trucks ON THE ROAD (not 2 on the road and 1 in the shop)... however nowadays a 3 truck operation should be bringing in 30-40k per month at least

[FundingCaptain]

Abe, you just proved my point. alot of funders are restricting transportation to have a min of 150k.... we dont... so long as they have 3 trucks/Vans etc

[TheUnderwriter]

I funded a few trucking deals in the last 30 days. Maybe 6-10 deals. Tiny deals under 10k, some under 5k - 1st and a 2nd positions. Short term but looking to renew them quickly. No bounce payments yet. Fingers crossed. 1-2 trucks, some only 1 truck. But so far, no issues.

[JHG]

We fund trucking industry with minimum monthly rev of 75k

Diana
diana@ontapcap.com
929-566-7317

[FundingCaptain]

@theunderwriter the issue here is (and main reason we require 3 trucks) is that if they have 2 trucks and one goes down, there goes half the revenue and you dont get paid back...even worse with one truck....

[All_Access_Financial]

Glad to see I am not the only one having a problem with trucking. If there are any funders out there, please reach out to me as well. hector@allaccess.biz

[TheUnderwriter]

@theunderwriter the issue here is (and main reason we require 3 trucks) is that if they have 2 trucks and one goes down, there goes half the revenue and you dont get paid back...even worse with one truck....

I am well aware of all that.

[Griffinferro]

whats your monthly min rev ?
will u do firsts ?
max term?