A+ Paper Used Auto Sales Deal
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  1. #1

    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

  2. #2
    Senior Member Reputation points: 27404
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    So what's the problem? Their are 5, 12 month plus lenders. Where have u sent it and why did they decline it?
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

  3. #3
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    Quote Originally Posted by Davincinc View Post
    So what's the problem? Their are 5, 12 month plus lenders. Where have u sent it and why did they decline it?
    wow i do not know one for that industry that will do 12 plus months . please share

  4. #4
    Karen37a
    Guest
    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.

  5. #5
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    Quote Originally Posted by microboby View Post
    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 blind ads, maybe you should read the Rules of Posting

    " Going forward all solicitors (whether selling a product/service or asking for deals) must disclose their physical address, phone number and company name.
    This can be visible in the post itself or on an accompanying website. If it's not on one or both, the post may be deleted and the user banned. Free e-mail
    addresses are highly discouraged."

    No ISO's Please , Thanks
    BTW, why not have your potential client go to his bank if he is so strong?
    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

  6. #6
    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

  7. #7
    Senior Member Reputation points: 81657
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    Quote Originally Posted by microboby View Post
    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
    Your asking for vanilla ice cream, the merchant can only obtain chocolate, therefore go back to your potential client and read him/her the tea leaves.
    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

  8. #8
    Senior Member Reputation points: 203054
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    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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