Any Equipment Finance Companies Service YOUNG Vendors?
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  1. #1

    Any Equipment Finance Companies Service YOUNG Vendors?

    I'm sitting on 3 equipment financing deals from applicants would good credit - 700+, but the vendor is young.....as in maybe a year old. It's a unique situation in that he was in business for 13-14 years, but got sick. So, he is basically starting over now and is currently a sole proprietor until his LLC papers come in. Thoughts? Ideas? The Invoices are for custom built computers and the applicants are solid. Thanks for your help.

  2. #2
    Senior Member Reputation points: 218103
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    Unsecured business credit cards at 0 APR would be the cheapest option.
    How much does he need? I can help you monetize this.

  3. #3
    Thanks for the reply Micah, but that's not what the client wants. I need an equipment financing provider with a vendor program that will accept young vendors or look past the vendor and concentrate on the end user/consumer. In reality, this particular young vendor is acting as a consultant when you drill down into the deal. It's their invoice and they're the ones out there consulting and selling, but they're not actually building the computer. A well known 3rd party is building out the custom computer to the client's specs and then the vendor puts their percentage on top to produce the invoice that's delivered to the client, which is also the same invoice that is being submitted for funding.

  4. #4
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    Are you seeking to finance the invoices or the equipment itself?
    Hedley Lamarr......That's Hedley

  5. #5
    Finance the equipment with a 4 or 5 year lease.

  6. #6
    Senior Member Reputation points: 17365 jfeinberg's Avatar
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    lol the responses on this thread is great. That will be tough to get done due to the equipment type. Anything computer related has a high default/fraud ratio, including it being a newer vendor. However we would be able to take a look at that for you. Feel free to submit file to ISO@everlastingcapital.com or call 888 777 8144 x 1

  7. #7
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    Quote Originally Posted by nextsecure View Post
    I'm sitting on 3 equipment financing deals from applicants would good credit - 700+, but the vendor is young.....as in maybe a year old. It's a unique situation in that he was in business for 13-14 years, but got sick. So, he is basically starting over now and is currently a sole proprietor until his LLC papers come in. Thoughts? Ideas? The Invoices are for custom built computers and the applicants are solid. Thanks for your help.
    How does anyone connect with you?

    No Name, Phone Number, real email address!
    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
    Sorry about that Dave....newbie here. Just edited my signature so that should help solve the problem.

  9. #9
    Senior Member Reputation points: 81657
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    Sent you an email.
    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

  10. #10
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    Did you find an option yet?


    Alliance Funding Group
    Equipment Finance & Working Capital
    Al Williams III | Account Executive
    222 N. Sepulveda
    El Segundo, CA 90245
    Phone: (714) 922-7102 Fax: (714) 919-8773
    awilliams@alliancefunds.com

  11. #11
    We offer a lines of credit program where he would be able to transfer the funds directly to his account at 0% APR for 12-18 months to buy the equipment. You can give me a call at 801-441-7943.

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