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From Overleveraged to Operational Freedom
How a Regional Freight Carrier Eliminated PGs and Secured $780K in Equipment Funding
Client Overview: Some information may be obfuscated or generalized to preserve client privacy
After years of relying on stacked capital and personal guarantees, H****** H*** L***** partnered with Harvest to restructure their financials, activate real business credit, and qualify for fleet expansion. Within 120 days, they replaced daily debt payments with term-based capital and secured a path to scale with zero personal liability.
Client Profile:
Business Name:
H****** H*** L*****
Industry:
Regional Freight Carrier – Last-Mile & LTL Delivery
Years In Operation:
7 years
Ownership Structure:
S-Corp — Owned by 2 brothers, 50/50 equity split
Employee Count:
24
Gross Revenue:
$8.64M
Net Margin:
9%
EBITDA:
Not Provided
Financing Profile:
$250K working capital loan (26.4% APR), $180K MCA, $85K PG equipment lease, SBA loan denial
Challenges Presented:
- UCC filings blocking equipment loan approval
- PGs applied to all credit, limiting founder flexibility
- Stacked capital caused severe cash flow constraints
- Thin EIN credit profile hindered lender confidence
Key Objectives:
- Remove PGs from all future and existing credit facilities
- Refinance high-interest capital into structured debt
- Build EIN-based credit identity and vendor ecosystem
- Become eligible for institutional equipment funding
Actions That Drove Change
EIN Credit Establishment
Created EIN identity, opened vendor lines for fuel, maintenance, logistics
Capital Restructure & Debt Consolidation
Replaced $430K in debt with $300K 11.25% term loan
Compliance & UCC Cleanup
Cleared 3 UCC filings, updated reporting with Experian & D&B
Lender Access & Presentation
Prepared $780K equipment loan proposal with matched private lenders
Results After 120 Days
80 PAYDEX + 76 Experian enabled institutional visibility
Lenders greenlit $780K structured financing
APR reduced from 24.6% to 10.2%; monthly payments cut in half
Stabilized cash flow for operations and growth
PGs removed from all new credit lines + 5 vendor accounts
Personal liability eliminated from active credit exposure
Pre-approved for $780K in institutional capital
Ready to expand fleet with 4 trucks and 2 temperature trailers
Resources For Manufacturers
Commercial Contracting
Fleet Expansion - 27% Increase in Revenue in <6 Months
Commercial Contracting
Fleet Expansion - 27% Increase in Revenue in <6 Months
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