trucking
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  1. #1
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    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?

  2. #2
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    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

  3. #3
    Member Reputation points: 19 thudson's Avatar
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    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.
    Ty Hudson
    Director of ISO Relations
    The Business Backer
    thudson@businessbacker.com
    678-209-1365

  4. #4
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    Quote Originally Posted by thudson View Post
    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.
    whats the minumum credit with you guys, i believe this guy is in the low 600s

  5. #5
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    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

  6. #6
    Member Reputation points: 19 thudson's Avatar
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    Quote Originally Posted by gail_waters View Post
    whats the minumum credit with you guys, i believe this guy is in the low 600s
    Our minimum FICO is 550.
    Ty Hudson
    Director of ISO Relations
    The Business Backer
    thudson@businessbacker.com
    678-209-1365

  7. #7
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    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

  8. #8
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    Quote Originally Posted by gail_waters View Post
    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?
    We fund trucking all day long.

  9. #9
    Is it a local, regional or over the road trucker?

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