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  1. #1

    Borrow Against Equipment

    Who does loans against equipment? Sub-Prime primarily. Thanks.

  2. #2
    If the equipment is not in use nor needed for the term of the loan, PledgeCap could work as they are an asset based lender - definitely subprime; no credit necessary

  3. #3

    Borrow Against Equipment

    what type of equipment and what's the liquidation value approximately ? Maybe we can do a leaseback.

  4. #4
    Manufacturing equipment and $260k

  5. #5
    Quote Originally Posted by LCNYS View Post
    what type of equipment and what's the liquidation value approximately ? Maybe we can do a leaseback.
    Doesn't the equipment have to be purchased within 90 days?

  6. #6
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    Who does equip leaseback...rate doesn't matter..

  7. #7
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    Quote Originally Posted by golf2014 View Post
    Who does equip leaseback...rate doesn't matter..
    Call Dakota Financial in L.A., they will do deals like that. Rates are absolutely RIDICK.

  8. #8
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    Borrow Against Equipment

    GCS, I'm afraid you are asking that question in a vacuum. There are lenders who will make loans between 60-65% of orderly sale price, also known as auction price.
    However, the equipment financing usually is a package deal to include finished inventory, accounts receiv able
    and other assets.
    If you would like some help figuring it out feel free to contact me. If I can, I will point you in the right direction at no charge.
    Bob Shaw
    734.928.3800

  9. #9
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    Guys - It all depends on the value of the equipment and the credit of a customer - we just used a farmers equipment of 2.5 million dollars for a 2.3 million dollar loan with the equipment as collateral. Without more details you can not get an honest answer. Sale leasebacks can be done on all different sorts of equipment based on credit and time in Business.

    Mike

  10. #10
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    Dakota wont touch manufacturing equipment that inside a building. They are yellow iron /truck lenders and depending on how Chris feels you might get 10-50% of what the equipment is worth

  11. #11
    Sent you pm

  12. #12
    Our lenders can definitely do a sales lease back program for you. Send me an email with your info and I will be more than happy to send you some information on how you can move forward with getting the funds need! mmoses@titanscapitalpartners.com

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