Results 1 to 5 of 5
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06-06-2023, 11:45 PM #1
- Join Date
- Aug 2018
- Posts
- 698
1st position trucking. 7 years tib /110k monthly rev
Who would be the best lender for a 1st pos trucking deal, with 7 trucks, strong balances, averaging 110k a month in a good state for mca?
Ty
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06-07-2023, 08:34 AM #2
- Join Date
- Mar 2015
- Location
- Rock Ridge
- Posts
- 3,461
You might want to consider a factoring facility. There are a host of good companies out there that focus on trucking. They might be more cost effective, it would be a revolving facility, and most pay referral sources.
I don't chase trucking as there are a host of companies out there that do smaller deals. Larger deals are of interest, but I really don't chase the industry. I recently was referred a nice company seeking to replace their factor. I told the referral source that their current factor is very large in the industry and the prospect actually has a pretty good deal. The prospect was with their factor for several years.Hedley Lamarr......That's Hedley
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06-07-2023, 09:18 AM #3
I have a lender who is pushing through SBA for truckers if they qualify. Reach out. Does take a month but 10.5% interest 10 years. I also have a guy who is doing cash out refi on trucks that are free and clear...usually 3 - 5 years at around 19%
Steve Benjamin
Professional Business Loans
1012 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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06-07-2023, 10:40 AM #4
- Join Date
- Nov 2019
- Posts
- 657
I should be able to get this deal done if daily balances and credit looks good. My mmca 1st positions work like a revolving credit line in a way. Feel free to reach out to me if you want to know more and to submit that file and more.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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06-07-2023, 11:07 AM #5
- Join Date
- Aug 2021
- Posts
- 120
Andrew@efinancialtree.com
eFinancial Tree
C: 815 260 0284 (Call or Text)
Submissions@efinancialtree.com
https://www.efinancialtree.com/
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