Funding a transportation company despite negative cash flow

A transportation company burdened with significant truck and trailer payments, as well as prior SBA loans, needed funds for expansion. Traditional banks told this business its industry was “undesirable,” and that it had too much debt to qualify for any new loans. Despite the fact that this business was paying $65,000 per month on $1,300,000 of debt, Radix was able to help.

Anatomy of a loan:

• $3,451,812 of revenue in previous year
• $523,000 in profit
• $782,000 in annual truck and trailer payments
• 750 credit score

Radix’s Solution

Radix had no problem helping since the owner’s credit score was so strong. In fact, Radix was able to present multiple SBA options to this business. Ultimately, the owner decided against refinancing his truck and trailer loans because he was near the end of his term on most of them. Radix secured this business with $400,000 of SBA for working capital in just three weeks!

Learn more about our SBA Express loan.