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Trucking Company Seeking Loan in Kissimmee, USA

Logistics company specialized in refrigerated freight FTL & high value commodity LTL seeking restart loan.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity S Corporation
Reported Sales USD 495 thousand
Run Rate Sales USD 900 thousand
EBITDA Margin Nil
Industries Trucking
Locations  Kissimmee
Local Time 2:10 PM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 50 thousand for 10.0% annual interest, 2 years (Native Currency: USD 50,000)
Reason: We are going to restructure & restart operations to gain more solid assets. Rentals were eating our ... View More
Collateral Available: USD 10 thousand
Includes physical assets worth USD 40 thousand
Interested to connect with advisors
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Business Name
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Documents
A/R Statement
Balance Sheet
Loan Analysis
EIN Number
Business Overview
- We have our own 24 hour dispatch division, no third parties are involved.
- Drivers are owned & hired by the company.
- Monthly recruiting, curated list created of 60+ drivers at all times.
- Offers for dedicated lanes, because of ethics through business.
- 100s of loads daily from the produce industry offered to us via private company platforms. Our 24 hour dispatch, contracts, email, phone or website.
- No losses on our insurance after 3 years of operations.
- We have 5 main brokers including Landstar and Schneider for whom we move produce. We use one platform for domestic LTL movements with multiple clients (it runs itself).
- Our vehicles cover 2,800 miles per week. We had 5 drivers whom we paid at the highest USD 0.50 cents per mile. We still hold insurance for our industry with USD 250 thousand in cargo and over USD 2 million in property & liability, on top of that, trailer interchange (binding cheaper policy)
- We have seen a high growth rate in the last few months as orders have increased with respect to better economic situations and flexibility on restrictions of Covid-19 compared to last year. We plan to achieve breakeven within the next 6 months by purchasing put 2 older units.
- Working on developing an app to expand our network, as well as keep it private & in-house.
Products & Services Overview
- We provide full truck load & less than truckload shipping state to state, local pickups & deliveries.
- Services for shipping store to home, warehouse to warehouse, office to warehousing, and house moves services.
- White glove shipments of high-value commodities.
- Shipping of produce & refrigerated goods.
Assets Overview
2 Mitsubishi Fuso- Canters fe150 and 1 Freightliner Century.
Facilities Overview
4 offices in our location with a warehouse. Combined monthly rent is USD 2,500.
Capitalization Overview
Not Disclosed
Recent Activity
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1 Investor contacted this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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