Cali Trucking company, 450k rev, needs 300k+ in business 5 months.
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  1. 10-10-2016, 03:27 PM #1
    McoupeBobby
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    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.
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  2. 10-10-2016, 04:18 PM #2
    mcaguru
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    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)
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    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com
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  3. 10-10-2016, 09:58 PM #3
    SBF
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    Try Maxim for the truck financing solution.. 25% down is usually required.
    For working capital, does your client factor their A/R?
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  4. 10-11-2016, 11:48 AM #4
    McoupeBobby
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    Quote Originally Posted by mcaguru View Post
    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!
    Just tried calling you. Your secretary said your usually never available to speak over the phone...
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  5. 10-11-2016, 11:49 AM #5
    McoupeBobby
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    Still looking for a solution..
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  6. 10-11-2016, 12:08 PM #6
    Funder Mark
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    Quote Originally Posted by McoupeBobby View Post
    Still looking for a solution..
    Would say WBL if there is any real estate, otherwise considering the TIB and industry, not sure who else is viable.
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  7. 10-11-2016, 12:08 PM #7
    Funder Mark
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    Just realized no collateral. Loan Me maybe?
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  8. 10-11-2016, 12:19 PM #8
    McoupeBobby
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    Quote Originally Posted by Funder Mark View Post
    Just realized no collateral. Loan Me maybe?
    Would Loanme fund with only 5 months in business in Cali?
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  9. 10-11-2016, 12:23 PM #9
    Funder Mark
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    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
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  10. 10-11-2016, 12:46 PM #10
    McoupeBobby
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    Quote Originally Posted by Funder Mark View Post
    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
    Thanks
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  11. 10-11-2016, 01:59 PM #11
    LoanMe
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    Quote Originally Posted by McoupeBobby View Post
    Would Loanme fund with only 5 months in business in Cali?
    Yes, LoanMe's minimum time in business is (2) months.
    We also have a separate starter loan product for good credit startups who have not generated income yet.

    Please give us a call at 949-535-7798.

    Thank you.
    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
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  12. 10-11-2016, 03:53 PM #12
    Lurena23
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    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
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  13. 10-12-2016, 12:14 AM #13
    golf2014
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    Factoring doesn't give him 18 Mos that op wants....
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  14. 10-12-2016, 06:42 AM #14
    bdshaw
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    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
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  15. 10-12-2016, 12:15 PM #15
    McoupeBobby
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    invoice factoring wont work for this merchant.
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  16. 10-17-2016, 03:25 PM #16
    McoupeBobby
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    still looking for a home here
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  17. 03-21-2017, 01:24 PM #17
    WCSmith
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    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
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