- Funding
- $150K
- Product
- Equipment Term Loan
- Industry
- Logistics & trucking
- Location
- Phoenix, AZ
Adding two trucks to take on the contracts that were waiting.
“Two more trucks meant two more contracts. States Funding structured the loan around the routes, not a generic schedule.”
Reyes Freight Lines kept turning down loads. Daniela had the lanes and the shippers asking for capacity, but only four trucks to run them. Every truck she added was a contract she could finally say yes to — the math was that direct.
States Funding placed a $150,000 equipment term loan to finance two additional trucks, with a repayment schedule built around the revenue those trucks would generate on their dedicated lanes rather than a flat monthly figure.
“They asked what the trucks would actually be hauling and how those contracts paid,” Daniela says. “Then they built the loan around that. It felt like they were on my side of the table.”
Within a year Reyes Freight Lines had grown to eight trucks and signed a regional distribution contract that now anchors the company’s revenue.