Results 1 to 8 of 8
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07-20-2017, 02:06 AM #1
- Join Date
- Nov 2014
- Posts
- 97
A+ Paper Used Auto Sales Deal
Who can fund 12 Month Terms on this Industry?
I have a great a Paper $4.5 Mill GAS , Strong deposits , Strong credit and Strong Balances . Merchant wont take anything less than 12 months
Need $50k to $100K
No ISO's Please , Thanks
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07-20-2017, 09:42 AM #2
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
So what's the problem? Their are 5, 12 month plus lenders. Where have u sent it and why did they decline it?
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07-20-2017, 09:48 AM #3
- Join Date
- Jun 2015
- Posts
- 3,326
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07-20-2017, 10:12 AM #4Karen37aGuest
micro. I am an Iso so I do not know if you want me responding.
Used cars usually have a "floor plan" which is a line of credit for cars, so a cash advance for used cars usually goes into "second position" so therefore it will not be A paper ever. It's a second.
If they do not have a floor plan/credit line something is wrong with them so then it becomes C or D or denied.
On top of being in a semi restricted industry for most
Only one way to possibly structure it to their liking.Last edited by Karen37a; 07-20-2017 at 10:21 AM.
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07-20-2017, 10:15 AM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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07-20-2017, 11:26 AM #6
- Join Date
- Nov 2014
- Posts
- 97
Guys appreciate the comments but the need is for a funder that can do 12 Months for auto used car sales with A+ credit rating , balances and deposits
Windset Capital had this deal for years but they stepped out of the cash advance world a while ago
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07-21-2017, 06:36 PM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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10-30-2017, 11:25 AM #8
- Join Date
- Jan 2014
- Posts
- 1,380
if you find any lender that will go 12 months on auto sales let me know. I haven't been able to find any, GRP came the closest.
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