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5 Replies Last post: Sep 22, 2008 12:51 PM by chainlink

Need $50,000.00 in a line of credit for exporting trucks.

Sep 22, 2008 11:13 AM

Click to view chainlink's profile Professional chainlink 3 posts since
Sep 22, 2008

Good morning,
My name is Rick with Neutral Trucking Inc. I was looking for a line of credit or funding to purchase and sell dumptrucks for exports. I have been in business since 1999 and I have a detail list of clients who I sell used trucks too. I'm looking for $ 50,000.00 in credit and it wont be used unless I have buyers,who already have signed purchase orders to purchase dumptrucks.This month alone I sold 15 trucks , with a profit of generally $1500.00 - $5000.00 per truck. This is a growing business,which I would like to take advantage of. Look forward in talking to you soon.
My email info is neutraltrucking@comcast.net
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Click to view Fortis's profile Mogul Fortis 239 posts since
Jul 24, 2008
1. Re: Need $50,000.00 in a line of credit for exporting trucks. Sep 22, 2008 11:18 AM
Hey Rick,

Hope all is well. I have some questions. Where do you find your trucks? Ritchie Bros? Are you exporting the trucks yourself or do the customers purchase from you then export them? Do you have a location or is this a home based business?
Click to view chainlink's profile Professional chainlink 3 posts since
Sep 22, 2008
2. Re: Need $50,000.00 in a line of credit for exporting trucks. Sep 22, 2008 11:43 AM
in response to: Fortis
I buy from Ritchie bros, state and govt auctions,and private sellers. The clients give me a detail list of what they want(year and make, how many trucks, and budget) . I have a home base in Germantown Md.,with a storage lot to keep the trucks. The clients do there own exporting,I just got out and find the trucks and deliver to the ports of there choice. I charge deliver and storage (if more than 3 days to ship).
Trucks that I cant fund,I charge the client a flat rate 5% finders fee and make them sign a disclosure agreement and then which I would allow them to have certain access to events that have trucks that ae available.
Click to view Fortis's profile Mogul Fortis 239 posts since
Jul 24, 2008
3. Re: Need $50,000.00 in a line of credit for exporting trucks. Sep 22, 2008 11:49 AM
in response to: chainlink
Ok so the customers are overseas, they send you the grocery list. You find the equipment through several methods. Purchase and ship. When do you get reimbursed for the equipment?
Click to view josh_B2B's profile Mogul josh_B2B 31 posts since
Aug 24, 2008
4. Re: Need $50,000.00 in a line of credit for exporting trucks. Sep 22, 2008 12:22 PM
Sounds like an interesting business Rick. I'd like to know more about your business as well as personal assets, debt, income, credit score etc. Also, how co-related are your exports to the weak dollar? If the dollar were to rally by 15%, for example, over the next 2 years, would there be a significant slow down in your sales? I'll send you an email in a short while to your personal address to tell you a little bit more about ourselves and to see if we may be of assistance.

Regards,

Josh Bernstone
B2 Business finance
704.900.7003
jbernstone@b2businessfinance.com
Click to view chainlink's profile Professional chainlink 3 posts since
Sep 22, 2008
5. Re: Need $50,000.00 in a line of credit for exporting trucks. Sep 22, 2008 12:51 PM
in response to: Fortis
The customers are here in the Usa, they pay once truck is secured from auctions. The problem I am having is I have customers who want to buy 3-4 trucks at a time,and i have only the funds to buy one truck at a time. The auctions have multiple units available and i end up lossing out cause of my buying power.