Working capital with clean titles

DO NOT ACCEPT ANY OFFERS ASKING "DO YOU NEED WORKING CAPITAL!"

It is a total scam. Do not give any information. Phone number, emails
Or address. And especially 3 months of bank records!

 

what about factoring the bills until you get back up. or just selling 2 units or 1

 

Working Capital scams will have a lien on your bank account. They will deduct payments daily or weekly at high interest rates. They will sell your information to telemarketers for robotic calls and will trash your phone number.

 

What are your total asset value?

Unless you have very bad credit, you should get a secured loan with the assets you have,

 

No, that's not the reason they aren't lending to you. They aren't lending to you because they don't know you, there are some warts on your record ( credit score,job hopping, short time in business, etc), and the assets you are pledging are not "prime". Not a lot of value after repo costs and sales expenses in a 2014 truck, especially if it's not what those banks do routinely.

Either you establish a relationship with a local or regional bank and slowly establish your credit worthiness starting with small loans, or you go to the sub-prime (i.e. crazy interest) lending market. Factoring might even be better (did I actually write that? ).

 

May be late to the party but, you don't need a loan on equipment. Honestly? Those trucks don't have any lendable value, except maaaaaybe on hard money terms.

You need contracts, and a locked-in future revenue stream to borrow against. Without that you're a single-truck O/O with two parts trucks.

 

lol, one step away from three parts trucks?

 

Selling equipment, then buying more on credit. Lending on vehicles, including Trucks, Trailers, easiest financing to get.