Results 1 to 11 of 11
-
04-11-2018, 08:20 PM #1
- Join Date
- Jan 2018
- Posts
- 10
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.
-
04-12-2018, 10:23 AM #2
- Join Date
- Feb 2017
- Posts
- 3,347
Unsecured business credit cards at 0 APR would be the cheapest option.
How much does he need? I can help you monetize this.
-
04-12-2018, 11:32 AM #3
- Join Date
- Jan 2018
- Posts
- 10
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.
-
04-12-2018, 11:35 AM #4
- Join Date
- Mar 2015
- Location
- Rock Ridge
- Posts
- 3,461
Are you seeking to finance the invoices or the equipment itself?
Hedley Lamarr......That's Hedley
-
04-12-2018, 11:40 AM #5
- Join Date
- Jan 2018
- Posts
- 10
Finance the equipment with a 4 or 5 year lease.
-
04-12-2018, 01:33 PM #6
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
-
04-12-2018, 08:31 PM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,876
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
-
04-12-2018, 10:32 PM #8
- Join Date
- Jan 2018
- Posts
- 10
Sorry about that Dave....newbie here. Just edited my signature so that should help solve the problem.
-
04-13-2018, 10:42 AM #9
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,876
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
-
04-18-2018, 10:43 AM #10
- Join Date
- Nov 2015
- Location
- Long Beach, CA
- Posts
- 53
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
-
04-19-2018, 11:21 AM #11
- Join Date
- Sep 2015
- Posts
- 6
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.
Similar Threads
-
Good Equipment Finance Companies
By SCFunding in forum All Other LendingReplies: 9Last Post: 02-28-2018, 09:15 PM -
Looking for vendors Equipment Leasing
By wallerbusiness in forum Business LoansReplies: 11Last Post: 03-23-2017, 06:37 PM -
Are there any Vendors that will fund credit repair companies.
By wallerbusiness in forum Merchant Cash AdvanceReplies: 4Last Post: 08-05-2015, 01:54 PM -
Don't put equipment finance equipment on MCA loans
By Harrymetrix in forum PromotionsReplies: 0Last Post: 05-21-2015, 07:26 PM -
does anyone finance foriegn owned companies
By bdshaw in forum Merchant Cash AdvanceReplies: 3Last Post: 07-01-2014, 11:32 AM