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looking for financing to be a FedEx Ground Independent Contractor

Banks & SBA are not helpful for financing to become Independent Contractor for FedEx Ground. Any advise to secure a $100,000 loan to purchase 2 routes & 3 trucks? Will gross over $120,000 in 2009

Answers (15)
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Jason Spates
Director of Finance
Truck Lenders USA
Orange County, CA

We can help at Truck Lenders USA - we finance Fed Ex contractors everyday.
We will help with the trucks - give me a call 877-233-1475 Ext 213 Jason Spates
jason@trucklenders.com - www.trucklendersusa.com

 

Jul 21, 2011
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ddamulira charles
Private Loans from Private Investors
RICHARD HUGHES LOAN HOUSE
Lexington County, SC

RICHARD HUGHES LOAN HOUSE
3O LOTHIAN ROAD, EDINBURGH,
EH1 2DH. UK
Tel: +{44}-704-577-4736
www.loaninfohome.com
Our Ref: SC286832
RICHARD HUGHES LOAN HOUSE
(Private Loans from Private Investors)
Dear Borrowers’, Is the bank giving you a difficult time regarding your financial situation? Richard Hughes Loan House is a successful private money lenders/investor that will personally help you out with its personal cash flow. Richard Hughes Loan House lends individuals money against their home equity, business loan, personal loan, student loan, etc.
Richard Hughes Loan House loans up to 75% CLTV (combined loan to value) on the property. The company will do what the BANKS WON'T DO...which is treating you like a human and not a number...what a concept! Traditional banks are only looking at the bottom line – they punch and crunch the numbers and POOOF! What the computer numbers dictate, it decides whether you stay afloat or drown.
Sure they’ll make excuses and may even try to make a penalty deal which eventually still overwhelms the current situation. The only other option is BANKRUPTCY! Well, the company has a LIFE BOAT for your business or personal needs that negates the BANKRUPTCY option. Do you care to swim or sink? If not, email me sebyoto@yahoo.com and we can get together and discuss this further.
Nevertheless, the company will also use its money to help you out of debt if you are behind on your mortgage. The company will provide funds to take over your mortgage so you no longer have a monthly debt and you can walk away from the house payment that was creating such a burden in your life.
The company will assist you in repairing your credit and removing the mortgage rates, so you can get a fresh start again. You could give me a call through any of the numbers above, if your mortgage is going to adjust hundred's or thousand's monthly and you don't know what to do next, then call now.
Most foreclosures that have already occurred could have been prevented if stopped soon enough to find out there options. Whether you are in foreclosure or worried you could be affected by your mortgage adjusting and as a result losing your home because of rising payments, then act fast and give us a call.
We have helped people in various areas and location with the same situation. Nevertheless, We also specialize in unsecured business lines of credit by matching your credit profile with your business history with our network of lending sources.
Stated Income
No Collateral
No Tax Returns
No Financial Statements
1 day application and less than 2 week funding.
RICHARD HUGHES LOAN HOUSE can be structured to fit just about any situation. So if you have a special need, questions, or concerns, the company will do its best to help you out.
In the meantime here are some general guidelines:
• Minimum loan amount: $1,000.00USD
• Maximum loan amount: $100,000,000.00 USD
• Loan Period: Can be from 30 Days up to Thirty years.
• Payments: INTEREST ONLY, with the balance due at the end of the loan period.
It will take 7 working days to process your loan from the date you apply and you have the loan fund.
• Areas the company can work with: United States of America (All 50 STATES), Mexico, Canada, China, New Zealand, Ireland, Austria, Australia, Germany, Spain & the United Kingdom etc.
Thank you and have a profitable day
Ddamulira Charles
sebyoto@yahoo.com

 

May 7, 2011

We have been in the business of selling routes since 1985. We have found that approximately 70% of the Seller's in the route industry will assist with financing on almost any route as long as you place a reasonable down payment. Reasonable would typically mean at least 40-60% down. Otherwise, it is not typically worthwhile for a Seller to sell you his established, profitable business for a lower down payment.
That being said there is a new source for financing that many of our clients have used, that is tapping into their IRA's or 401K's to purchase a business. If you would like more information on this alternate form of financing don't hesitate to contact us. We look forward to hearing from you, see our web site for phone numbers.

Web reference: www.RouteBrokers.com

Apr 20, 2011
No User Photo
Keith Leonard
CEO/OWNER
Capitol Solutions Ent., LLC
District of Columbia County, DC

P. Bell i was wondering if you was able to find a sure answer to your question because i am trying to do the same thing here in my aera? If so can you please forward me any info that i can use to get started.
Keith Leonard
Crawfordk354@aol.com
202-569-6131

 

Oct 29, 2010

With over 25 years of experience selling routes we can tell you that it is very rare that you would be able to get conventional bank financing for almost any route. There are however a few routes that do offer financing through there own banking sources. These companies include: Arnold, Tastykake, Circus-Man. With all of these you will still need a downpayment, none of the companies will consider no money down.
I would suggest that you start with a smaller FedEx route that fits into your current budget. Since you won't have a big note to pay off your net after debt service might even be similar. We have over 30 established FedEx routes currently available for sale with net profits after operating expenses from $1,125 to $4,125.
We have over 250 routes of all types currently available nationwide. If your serious about wanting a route take a look at our site: RouteBrokers.com We have the LARGEST SELECTION OF ROUTES ANYWHERE!!! Give us a call we would be pleased to help you get into the right opportunity.

Web reference: www.RouteBrokers.com

Oct 9, 2010
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Rohit Arora

Biz2Credit LLC
New York County, NY

P Bell,
Biz2Credit (www.biz2credit.com) can help you in getting loan for your fedex route. Register for free on www.biz2credit.com and chose the case manager option to get started.

Web reference: www.biz2credit.com

Oct 1, 2010

wondering if you ever found a solution to the fedex finance dillema? I am in the same position and was hopeful you may have found something.. All my searchs have left me baffled. Could you email me anything or you may have found?? In need of capital to buy a fedex route as well
wspringle@hotmail.com

 

Sep 30, 2010
Jon Holmquist
Jon Holmquist
President
Edgemaster Model 400 sharpener
Marion County, OR

Mr. P.Bell, my three F's are different. Find a Franchise you love, and Flog it to the best of your ability.
You can get into my offering for less than $25K and make pretty good ROI with chance of having two or three or even ten trucks doing your business for you. Check it out, good luck, Jon at Edgemaster Mobile Sharpening.

Web reference: www.edgemasterfranchising.com

Jan 22, 2010
Robert Cutler
Robert Cutler
Attorney

New York County, NY

I agree with the first poster below. Your best bet is to raise capital from friends and family.

 

Jan 22, 2010

I was wondering if you ever discovered a solution to this?

 

Jan 22, 2010
Mark S.
Mark S.

Sunbelt Business Advisors
Middlesex County, MA
Premium Broker

P Bell,
This is a common dilemma. This is why as a business broker I have many financing relationships in my local and global market. Acquisition Financing Consultant can help and they may also have alternative sources for this size. For example I work with a program from out of SF which provides an unsecured Line of Credit up to $120,000. This sounds like if you qualify you could apply for.
Please call me to discuss this and other options. I can be reached at 617-945-5338.
Thank you
Mariola Andoni, CBI
Sunbelt Business Sales & Acquisitions
www.sunbeltne.com

Web reference: www.sunbeltne.com

Aug 5, 2009

You're not talking to the right bank, and SBA is still the only viable program out there for small business. Not all banks will finance this type of business, but there are banks out there that are still actively lending. Don't waste your time on the bigger banks, talk to local or regional banks instead, including credit unions. There are some credit unions who also offer SBA financing. Good luck!

 

Aug 4, 2009
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Ted Sanders

Corporate Raiders Guide
Adams County, CO

I have composed a free e-book that lists literally dozens of ways to creatively finance your first business acquisition. Check out www.corporateraidersguide.com and register for the free e-book.
You're trying to finance a service based business - that's a tough one.
When you say "will gross" is the route currently in existence?
What's the value of the trucks vs. the good will of the business?

 

Aug 4, 2009

talk to people to finance for fedex thats a best way and easy there is company in south call centential i have their info if you need it including person name and phone number or ask the person who already own trucks to make payments to him and let him keep the titles until its pay off good luck
pummy

 

Aug 1, 2009
No User Photo
Peter Ireland

How to Buy a Business
WA

The honest answer is: the 3Fs. Otherwise known as family, friends, and fools.

Web reference: http://dealflow.typepad.com/

Jul 20, 2009

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