Trucking Companies
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  1. #1
    Member Reputation points: 596 BW Capital Solutions's Avatar
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    Trucking Companies

    I am currently working with a ton of single owner operators in the transportation industry. I know a lot of lenders have restrictions on truckers...so who is most lenient with them?

    Any help would be much appreciated.

  2. #2
    We can get those done for you, as long as they meet our minimum banking criteria.

    $15k in monthly deposits, at least 8 total deposits, and 6 or less days with $1,000 or less in ending balances.
    Wall Funding ISO Team
    646-979-2161
    partners@wallfunding.com
    http://wallfunding.com/
    30 Broad St, New York, NY, 10004

  3. #3
    Member Reputation points: 596 BW Capital Solutions's Avatar
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    To be clear these are single owner operator truckers. One driver...maybe 1 or 2 trucks at most. Avg. annual rev is between $150-200K. Number of deposits can vary. Avg. credit score is between 550-650.

  4. #4
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    Cresthill Capital Does fund that space. We would decline when file has trouble staying in positive territory throughout the month alongside low single digit deposits.
    Last edited by mcaguru; 02-25-2016 at 02:16 PM.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  5. #5
    Member Reputation points: 596 BW Capital Solutions's Avatar
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    Marcus,

    What if you have single digit deposits but consistent average balances? Is that a workable file for you?

  6. #6
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    Trucking Companies

    Marcus,

    If they are open to factoring their receivables, we have an aggressive factoring program for the trucking industry. DM me if interested. Good luck!

  7. #7
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    Quote Originally Posted by VFG View Post
    Marcus,

    If they are open to factoring their receivables, we have an aggressive factoring program for the trucking industry. DM me if interested. Good luck!
    I'm the one who posted this. Marcus works for Cresthill and was answering a question for me.

  8. #8
    LoanMe can take a look at these as long as they have a business bank account open for at least 60 days. Minimum number of deposits per month must be (1).
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  9. #9
    Quote Originally Posted by BW Capital Solutions View Post
    I am currently working with a ton of single owner operators in the transportation industry. I know a lot of lenders have restrictions on truckers...so who is most lenient with them?

    Any help would be much appreciated.
    We do not have any specific restrictions for truckers.
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

  10. #10
    We can get a deal for you, give us a call or email.
    Last edited by jtkamp19; 03-01-2016 at 05:47 PM.
    --

    JT Esterkamp

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