How can Small Fleet Owners get $ 300k Fast Cash Funding within a few days on Low Rates & WITHOUT High Credit Scores of usual bank required 700 plus ?

How can Small Fleet Owners get $ 300k Fast Cash Funding within a few days on Low Rates & WITHOUT High Credit Scores of usual bank required 700 plus ?

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The rumble and tumble world of trucking can be exhausting for truckdrivers, including for those ambitious owners of those trucking businesses. Many of them started out as just truckdrivers for a big fleet carrier. They'd drove their trucks for awhile, and eventually figured out the business side of things, saw firsthandedly how the trucking business works. Figured out that it makes better economic sense to walk away from their jobs as truckdrivers to become their own boss and drive for their own LLC, under their own authority, They can simply register an LLC, file for a company name, and simply get their own authority, which certifies them as the owner operator. "That's when the fun begins," according to a recently new owner operator out there in Virginia.

This young man from Virginia was applying for financing for 3 trucks and 3 trailers at the historically high prices back in February , this year 2022 ... Him and his wife had used one of my credit lines for business and quickly got approved for 3 trucks and 3 refrigerated trailers. That's in total of $ 700k in credit for his startup business. Let's say that young couple had a rock solid credit and assets to secured such financing.

Recently a small fleet operator, Bob, had applied for unsecured financing for his business. His credit was imperfect, but he had strong revenues. He'd deposited about $ 350k on average on a monthly basis. He'd just needed some capital to help pay for his recently increased costs of business operations. Talking about inflation had historic high of 9.1% ... He'd been in business for about 8 years. Bob has about 5 semi-trucks with matching trailers, and equipment. As an embattled warrior, he was facing multiple issues at the same time. Trying to hire new drivers, repair a couple of damaged equipment, and keep up with rising fuel costs.

Recruiting truckdrivers had became a bidding war between his company and mega sized fleet carriers. Like the small fleet owners and owner operators against the mega fleet carriers. Even Walmart had recently ran ads, saying they'll looking to hire truckdrivers at $ 100k starting rates. Having 5 trucks with trailers, and 5 drivers to run your trucks looks like a perfect match from heaven, but Bob, had soon realized that he needed atleast 3 additional truckdrivers on standby at all times . When it rain, it pours. There will be many days that one of your drivers will call in sick, another driver will stay out due to over consumption of liquor the night before, and there are many days when 2 or 3 out 5 drivers call out sick on the same days. Thus it need for replacement drivers to keep their business going, I'm told that when when have contracts out there, you have to make those deliveries happen no matter what. Their vendors do not care what drivers' names or situation, that's falls under the responsibility of the business owner, and/ or the freight broker assigned to the given delivery orders.

We all know fuel costs is STILL RISING at historic levels, in some states, its $ 6 per gallon, other states, it's as high as $8 per gallon. Now, for a truckdriver, that's atleast $ 600 - $ 800 to fill up a tank, and some trucks has 2 tanks, so now, we're talking $ 1,200 to $ 1,600 to fill up their tanks. Recently (as of July 31, 2022), the cost of fuel on average are beginning to decrease, but still are elevated price levels. Now, our borrower has 5 trucks, according to his bank statements, he was burning about $ 30k every week on fuel costs for his 5 trucks , that's approximately $ 120k every month spent on fuel from January this year upto today's date. Bob had expressed that he may need to buy fuel at the wholesale levels to offset those high retail prices.

Now, my team were able to get Bob approved for $ 300k in additional working capital. Which he can get funds wired out to his accounts within the following 24 hours. That's right ! Bob can use that capital in his full discretion. Most likely, he'll buy some fuel on wholesale level, so he'll be stacked upto 1 month's worth of fuel consumption. Also he'll hire a couple truckdrivers as standby's. He'll be prepared at all times to use all 5 trucks on the road REGARDLESS which one or three of his drivers call out sick, he'll be ready to replace them temporarily or even permanently.

How did Bob secure a $ 300k business loan with low rates and long term of 20 year loan ? Remember, he had imperfect credit history. and most business loans only approves those borrowers with 700 plus credit scores, not 600 credit scores. The only way this is possible in the world of business lending is to apply the 3 step program. The 3 step program goes like this, step 1 is secure funding with fast cash business funding like a revenue financing program, the step 2 is to secure the services of credit repair or credit boost. Then lastly , step 3 , which is to wait until the borrowers' credit scores exceed 700, then secure a bank business loan to refinance the capital from the borrowers revenue financing program. Here, you can apply for the same dollar amount or ask for more capital on top. This 3 step program may take a 2 months to fully execute, but the overall result shall leave you simply pretty amazingly happy and satisfied ... Believe me , Bob is a happy camper .....

?? Are you too looking to become a happy camper ?


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Michael Ferrara

?????Trusted IT Solutions Consultant | Technology | Science | Life | Author, Tech Topics | My goal is to give, teach & share what I can. Featured on InformationWorth | Upwork | ITAdvice.io | Salarship.Com

11 个月

Gregory, thanks for sharing!

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Gregory Bonilla

I provide Construction Business Owners. General Contractors, Commercial Developers & Landscapers with Working Capital Solutions, Lines of Credit, AR Factorings, SBA Loans, and Equipment Financings

2 年

?? Hi, I'm curious, what's your opinion on this article ? Do you believe this is a good idea for fleet owners ? Zachary Reid Mitchell M. Exotic Bus and Limo (EBL) Quentin L Gray Misline Brown

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Jamie Irvine

GROW Your Heavy-Duty Business. Get Organized with a STRATEGIC BUSINESS PLAN. Put the Right PEOPLE in the Right Seats. SYSTEMIZE Your Operation. DM "HEAVY-DUTY" and let's get started.

2 年

"As an embattled warrior, he was facing multiple issues at the same time. Trying to hire new drivers, repair a couple of damaged equipment, and keep up with rising fuel costs." This is the reality for so many people in trucking.

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