[SBF]

Hi All.. I just got this call from a trucking co in Oregon.. they need a little help today.. a messy deal, but with your help, would save many jobs and be a true hero!

To summarize, this co has been in biz for 5 years and was just purchased by new owner. Average monthly revenue through end of Oct is $100K. They have 7 trucks and 7 drivers.
The previous owner has many other co’s and treated this one like a an ugly step child (that’s a terrible analogy but that’s what he said)..
In Oct, one of the drivers received a violation on a flatbed trailer.. the notice was mailed to the previous owners home and never dealt with.. (all mail now goes to main office to be dealt with properly).. so this violation escalated to a 5 day driving suspension for the entire trucking co.. (lost $5K/day in revenue). Another problem came about in that a $9K state tax liability was due and went delinquent. Now, if a driver gets pulled over or goes through a weigh station, they are fined nearly $500 each time. Since many of the loads earn $500, doesn’t make sense to take that chance.. plus it’s not an ethical way to conduct business. So the trucks have been parked since about Nov 8th.
New owner needs $4000K paid to the state so they can start moving trucks again. Their invoice factor co is sending $5K
He said they are paid up on fuel, business lease and truck payments.. so the only thing standing in the way is the tax payment. (Owner wants the lender to pay the tax authority direct. This will be paid back in 2 weeks.


Owner is willing to put his personal bank account up to pull payments from, should there be a problem pulling the payment from the business account. (he would keep funds in it to cover payments, should there be a deficiency in the business account).

Owner also has contracts with other trucking co’s, to buy them, but must first get this one going before he can move ahead with the others.. he says we would get first dibs on any financing needs for all co’s he owns and operates.

November banking only shows about $6K in deposits.. and that’s because the trucks have been parked, so no more revenue.
Also there are numerous NSF’s, which moving forward under new ownership will be cleaned up.

If you can’t help, do you know someone that might help? This is a legitimate deal.. the new owner is desperate for help to get the drivers back to work, as they are family men.