Commercial Truck Financing Biz! 24.9% Interest Secured! - Business for Sale
Request Information
The contact information for this deal is locked. If you wish to unlock this information, you need to upgrade to SMB Deal Hunter Pro.
💰
Commercial Truck Financing Company in Monmouth County, NJ
NJ, US
Added 3 months ago
Commercial truck and equipment financing
16 years in business
RemoteRetiring Owner
This business provides secured commercial truck financing to individual truck operators in Monmouth County, NJ, holding over 250 active loans with interest rates above 24%.
Key Information
Asking
$4.8M
Revenue
$1.9M
Earnings
$1.8M
Multiple
2.6x
Key Highlights
- Business has been established for 16 years
- There are currently 250+ outstanding loans
- Interest rates on loans are over 24%
- Loans are secured by a first lien on the vehicle title
- Default rates have historically been less than 3%
- Business is remote/relocatable
- Business is not SBA financeable; must be an all-cash purchase
Contact Info
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence