Results 1 to 17 of 17
-
10-10-2016, 03:27 PM #1
- Join Date
- Nov 2015
- Posts
- 64
Cali Trucking company, 450k rev, needs 300k+ in business 5 months.
Need to find a solution for a client of mine.
Trucking company in California that has been in business for about 5 months.
I have a 2016 P&L and Balance Sheet/ 5 statements/ app
does 450k or more every month
Needs 300k to purchase a truck and some working capital.
Term must be 1.5yrs or longer.
No collateral
No positions
Direct Lenders only please.
-
10-10-2016, 04:18 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
Trucking / Transportation / Construction are viewed NO different then A Bakery. We understand how to underwrite them and fund them swiftly.
Sign-Up Today!
DOUBLE DIGIT COMMISSIONS
FASTEST OFFERS!
FEWEST STIPS!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
-
10-10-2016, 09:58 PM #3
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Try Maxim for the truck financing solution.. 25% down is usually required.
For working capital, does your client factor their A/R?
-
10-11-2016, 11:48 AM #4
- Join Date
- Nov 2015
- Posts
- 64
-
10-11-2016, 11:49 AM #5
- Join Date
- Nov 2015
- Posts
- 64
Still looking for a solution..
-
10-11-2016, 12:08 PM #6
-
10-11-2016, 12:08 PM #7
Just realized no collateral. Loan Me maybe?
-
10-11-2016, 12:19 PM #8
- Join Date
- Nov 2015
- Posts
- 64
-
10-11-2016, 12:23 PM #9
Contact them:
LoanMe, Inc
949-535-7798
Email: Business.Loans@LoanMe.com
1900 S State College Blvd. Suite 300
Anaheim, CA 92806 www.loanme.com
www.loanme.com/SBL-partner
-
10-11-2016, 12:46 PM #10
-
10-11-2016, 01:59 PM #11
- Join Date
- Nov 2014
- Posts
- 438
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
-
10-11-2016, 03:53 PM #12
- Join Date
- Oct 2016
- Posts
- 26
I can help your client. Factoring will be cheap cost for them and we can get him money every month. Call me to discuss I am a direct lender no broker involved 310-847-0995
-
10-12-2016, 12:14 AM #13
- Join Date
- Apr 2014
- Posts
- 781
Factoring doesn't give him 18 Mos that op wants....
-
10-12-2016, 06:42 AM #14
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Cali Trucking company, 450k rev, needs 300k+ in business 5 months.
It seems to me that they will not qualify for a MCA because they are in effect a start up. You have not mentioned any other assets indicating there is no significant equity in the existing inventory. We would be happy to factor their receivables, getting them over 500k. That may be the simplest answer but I don't think the best. The proceeds of the receivables need to be applied to day to day expenses and such. I suspect your client is having some difficulty financing a new truck but there are a few lenders that will gladly Finance the truck with more than 25% down, reguardless of credit issues. my suggestion is that they factor a small percentage of their receivables equal to the down payment plus the working capital they need, something less than 309k. If I can be of any help please give me a call.
Bob Shaw
734-929-3800
rshaw@delanceyfunding.com
-
10-12-2016, 12:15 PM #15
- Join Date
- Nov 2015
- Posts
- 64
invoice factoring wont work for this merchant.
-
10-17-2016, 03:25 PM #16
- Join Date
- Nov 2015
- Posts
- 64
still looking for a home here
-
03-21-2017, 01:24 PM #17
- Join Date
- Mar 2017
- Posts
- 8
Hi,
I am with Alliance Funding Group. I specialize in equipment financing and am able to get you rates as low as traditional banks contingent on your credit. Please contact me.
wsmith@alliancefunds.com
Thanks,
Will
Similar Threads
-
Trucking Company doing 100k-250k past 3 months, was doing about 30k before that.
By RDav in forum Deal BinReplies: 4Last Post: 10-01-2016, 07:54 PM -
MOBILE FOOD COMPANY DOES 3.8M/YEAR..NEED 300K OVER 15 MONTHS? 1st position
By Chair11 in forum Merchant Cash AdvanceReplies: 0Last Post: 03-07-2016, 11:07 AM -
Construction Company - 2 months in business
By HBNV in forum Deal BinReplies: 3Last Post: 10-06-2015, 11:25 PM -
300K/month 2nd position (FC) Trucking
By Lizavetee in forum Deal BinReplies: 8Last Post: 08-18-2015, 05:18 PM -
Have Trucking Company doing 5 Mil per year- 5 years old with new owners only 6 months
By danra in forum Deal BinReplies: 3Last Post: 06-19-2014, 12:40 PM