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03-26-2016, 12:56 AM #1
Reputation points: 30
- Join Date
- Nov 2014
- Location
- Fort Lauderdale, FL
- Posts
- 66
Equipment Leasing - $65,000 for 2005 Dump Truck
Trucking company relocated from Canada to Florida exactly a year ago. Owner has over 5 years business experience, but only has been in business for 1 year in the United States. He has no credit history because his SS# is new. However, he can provide Trade Credit References from Canada and couple of equipment lenders based in the USA that helped him, but they do not report on his credit report. He has 3 trucks (two being financed and one placed as additional collateral).
Bank deposits are consistent ($50,000 per months) no NSFs or Negative Balances for the past 6 months and $7,000 Average Daily Balances. The client can put 10% as Security Deposit.
He is buying from a Private Party, not a dealer.
If any of you could help, please reach out to me as soon as possible. (No brokers please).
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