Logistic Co . $300k 36 months
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  1. #1

    Logistic Co . $300k 36 months

    Fico 680
    TIB about to be 2 years
    Average monthly - 150 - 180k
    Healthy balances

    Logistic/Transportation

    Looking for $300k for 36 months, ideally 48mo.

    Owns 14 trucks - some finances/others paid off
    Last edited by nass15; 11-22-2016 at 11:54 PM.

  2. #2
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Nass15-

    I am a direct funder and fund a lot of trucking companies. Based upon the information provided, it would be a stretch pre-qualifying this client for $300k but if by chance they have monthly net income in the $40k range, it could be a candidate. My max term is 30 months.

    Let me know if you would like to discuss.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

  3. #3
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Nass15,

    If the Guarantors FICO is strong, and Net income is 10k per month- you will have several lenders that will work with your client to 60 (or even 120 months).

    For real loans- not purchasing of future receivables- DSCR needs only be 1.2 or greater to fit a credit facility into a monthly budget.

    RG

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