Behind the Deal: Volvo FH16, $250K, contract funded
Tier-1 contracts pay well. They also pay on 60-day terms. A line-haul operator had just won a major new contract and needed $250K to bridge fuel, driver advances and consumables for the first invoice cycle. They owned a Volvo FH16 prime mover and a B-double trailer set outright. ABL released the equity, fitted GPS tracking, […]
Behind the Deal: Kenworth T610, $80K, still earning
Same idea as a home equity loan, with two differences. A transport operator needed $80K in working capital. They owned a 2019 Kenworth prime mover outright. ABL released the equity, fitted a GPS tracker, and the rig kept running its routes. The security was the truck. The truck kept earning while the loan ran. The […]