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12-29-2016, 01:05 PM #1
- Join Date
- Aug 2016
- Posts
- 118
trucking
whos the best lendor for a trucking file, merchant used to have ondeck, nugrowth, and yellowstone, now only has 13k with ysl and does 100k in deposits, but i know alot of people dont like doing trucking, who do you guys send your trucking files to?
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12-29-2016, 01:18 PM #2
- Join Date
- Mar 2016
- Posts
- 908
CFG Merchant Solutions will be happy to take a look at your trucking deal. Especially if they have MCA History.
Look forward to speaking with you,
Lior Monus
CFG Merchant Solutions
Direct: 516-319-5826
Lmonus@cfgms.com
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12-29-2016, 04:53 PM #3
There are still some trucking profiles that The Business Backer is interested in...with consistent deposits, good time in business, and good credit, we will gladly take a look for you.
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12-29-2016, 06:50 PM #4
- Join Date
- Aug 2016
- Posts
- 118
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12-29-2016, 09:58 PM #5
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12-29-2016, 08:14 PM #6
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
Trucking is an extremely fundable industry. Only question is why hasn't he gone back to the previous funders? Any hick-ups in payment or credit?
Tommy Stein
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12-30-2016, 09:17 AM #7
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Hi Gail,
I am a direct funder (not a cash advance lender) and fund a lot of truckers. We have a monthly payment (not daily) so that is very appealing to clients. We also allow them to pay us off any time after six months, with no fees, penalties or interest.
We do not stack on anyone and are very vicious about preventing our clients from stacking on us, so the merchant would have to understand this up front. If the client has existing balances, we would pay them off and end up in first position.
Our minimum funding amount is $100k and max is $2MM.
We do not fund based upon bank deposits. The primary driver for pre-qualification is net income. The client needs to have solid net income (taken from their P&L) so they can comfortably afford the monthly payments.
Feel free to reach out if you would like to discuss.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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01-02-2017, 11:37 PM #8
- Join Date
- Jun 2016
- Posts
- 416
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01-03-2017, 12:19 PM #9
- Join Date
- Jun 2014
- Posts
- 541
Is it a local, regional or over the road trucker?
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