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11-13-2015, 05:35 PM #1
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Why do lenders hate trucking companies?
As a well seasoned lender, I'd love my colleague's perspective on why so many lenders hate trucking companies. I spoke with one lender last week and his answer was that they find this is one of the verticals where their losses come from, so they stopped lending. I feel the same way about individual restaurants (even though a lot of lenders like them) which is why that is the only thing I will not look at.
I seem to be ending up with a lot of trucking deals coming across my desk, with some that look opportunistic.
What am I missing?
Would love to hear the input of my esteemed colleagues.
Thanks in advance,
Dan Page
dan@fundingstrategypartners.com
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