Results 1 to 3 of 3
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11-22-2016, 11:52 PM #1
- Join Date
- Oct 2016
- Posts
- 45
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 offLast edited by nass15; 11-22-2016 at 11:54 PM.
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11-23-2016, 10:10 AM #2
- 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
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11-28-2016, 07:09 AM #3
- 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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