Need Lender to handle trucking/logistics with lower volumes 10k+
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  1. #1

    Need Lender to handle trucking/logistics with lower volumes 10k+

    We're getting a lot of traction in the trucking/logistics/transportation niche but need a direct lender who can fund those types of companies (especially in california) with lower volumes like in the area of 10k or higher per month.

    For example we have one that did 12 in march, 14 in april and 18 in may and is looking for 10k. Has no current advances. Really needs to be a D paper lender, this one in particular had 7 negative days in April.

    Who will work on these types we'll be submitting about 5-7 apps per week.

  2. #2
    Senior Member Reputation points: 338677
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    Hi,

    Much too small for us. Let me know if you bump into a company doing in excess of $150,000/month in commercial invoices.

    Best,

    Kevin
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
    Senior Member Reputation points: 54989
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    Cresthill Capital currently has one of the LARGEST portfolio's of Trucking / Transportation Companies...

    * We make offers in 3 HOURS !
    * Funds Hours after contracts back with FEWEST STIPS!
    * Double Digit Commissions !!
    * NO COJ's on majority of funded deals.
    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

  4. #4
    Banned Reputation points: 4530
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    We can handle deals that small. The negative days are not as great a factor when the receivables are used as collateral.
    Why not offer a program that will grow with their business to where he can use advances for specific purposes not general working capital.
    Bob Shaw
    734.929.3800
    rshaw@advancecredit.com

  5. #5
    Senior Member Reputation points: 64
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    Need Lender to handle trucking/logistics with lower volumes 10k+

    We can handle trucking and small deals like this. Contact me if assistance is needed.

    Mike@samsonpartnersllc.com
    347-492-1801

  6. #6
    Senior Member Reputation points: 54989
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    mike at samson can handle anything that comes his way! i hear from many in our space !
    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

  7. #7
    Why not set up factoring?

    let me know

    -Steve
    Freight Factoring Specialists, LLC
    813-773-4000x102

  8. #8
    Senior Member Reputation points: 2697
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    Need Lender to handle trucking/logistics with lower volumes 10k+

    Your best bet is to set them up for factoring first and then work out an MCA down the line if needed. Most trucking companies with revenues under $10K are typically looking for fuel advance (or fuel funding) which most factors in the transportation industry offer. Happy to propose on your deals should they consider factoring.

    Good luck!

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