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03-07-2016, 11:17 AM #1
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Trucking/ Transporation
Can anyone speculate why I'm seeing 30 Files a day (est) in the Trucking /Transportation sector? we are making offers and love the space just wondering were the influx is coming from..did a large funder blacklist them??
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03-07-2016, 12:30 PM #2
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Seasonality. Not many gatekeepers. Less likely to be eligible for a bank loan.
Personally I don't like the industry.Tommy Stein
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03-07-2016, 12:37 PM #3
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03-07-2016, 12:39 PM #4
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03-07-2016, 12:53 PM #5
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I asked this forum the same question a few months ago, since we see so many trucking deals. We have funded a lot of them and have learned a lot about how to pick the good ones from the bad ones. A lot of lenders will not touch them. Just ask some guys about "trucker credit" and you will get an earful. But there are some good ones out there. You and I do not compete, since I am not a MCA lender and most of the trucker deals I have done have been consolidations (ranging from $200k to $1.2M) with cash out.
Best,
Dan Page
dan@fundingstrategypartners.com
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03-07-2016, 01:06 PM #6
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03-07-2016, 01:33 PM #7
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Trucking/ Transporation
The margins in the transportation industry have been reduced due to the low cost of gas. It has become much more competitive for truckers to get loads given the rate decreases. This is one of the reasons as to why the high demand of working capital on their end.
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03-07-2016, 01:46 PM #8
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03-07-2016, 02:14 PM #9
I believe a lot of the lead source companies are also targeting them. Also, there are a lot of UCC's filed from freight factoring co's.
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03-07-2016, 02:24 PM #10
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Trucking/ Transporation
Fund you got that right!!!
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03-07-2016, 02:29 PM #11
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Trucking/ Transporation
Also the smaller companies will have multiple entities setup under their wife's, cousins, kids name with their authority and MC ready for in the event they need to close out their operating business and start under a new entity
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03-07-2016, 03:26 PM #12
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03-07-2016, 04:41 PM #13
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the factoring they rely on and ucc filing theory may hold some truth..but then why the sudden influx? same with construction seems like they are 20% of our flow.
Marcus Clapman | Business Development | Cresthill Capital
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03-07-2016, 04:42 PM #14
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Marcus Clapman | Business Development | Cresthill Capital
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03-07-2016, 04:45 PM #15
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^Nice.^
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03-07-2016, 05:32 PM #16
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Trucking/ Transporation
I can speak for transportation as I do not factor many companies in the construction industry. Companies in the transportation industry typically move fast. They open and close with a snap of a finger and the typical owner of a trucking business is always looking to add 2-3 trucks to their fleet (hence their need for capital)
The problem is usually on the smaller guys who typically go over the regulations and get burned quickly (drive more than the required 10 hours, get coked up, crash while drunk, etc).
Last year we bought leads from a DOT source and we received anywhere between 5k to 15k leads per month of new companies who registered for their DOT and now we have more leads than we can handle (of course for factoring which typically works at a slower pace than MCA)
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03-07-2016, 05:33 PM #17
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Trucking/ Transporation
This is where the influx comes out of I believe
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03-07-2016, 05:35 PM #18
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I'm feeling a disruption in the Force at the beginning of March here, anyone else feel it?
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03-07-2016, 05:44 PM #19
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Marcus Clapman | Business Development | Cresthill Capital
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http://www.cresthillcapital.com
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03-07-2016, 05:57 PM #20
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03-07-2016, 06:05 PM #21
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Marcus Clapman | Business Development | Cresthill Capital
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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03-07-2016, 06:06 PM #22
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03-07-2016, 06:10 PM #23
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that's not why i asked to0 answer your questions No things are steady.
Last edited by mcaguru; 03-07-2016 at 06:16 PM.
Marcus Clapman | Business Development | Cresthill Capital
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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03-07-2016, 08:21 PM #24
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03-08-2016, 10:15 AM #25
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WBL are good peeps. Everyone is working hard to make a living. its me and you that are having fun doing it
Marcus Clapman | Business Development | Cresthill Capital
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Tel: 917-521-6528 | Fax: 212.671.1473
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http://www.cresthillcapital.com
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