Used Auto 1st position
Need a Funder or Vendor? START HERE

Results 1 to 25 of 30

Threaded View

  1. 05-10-2018, 09:27 AM #25
    ryan $
    ryan $ is offline
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,049

    Quote Originally Posted by WestCoastFunding View Post
    You’ll fund over $1M for an auto dealer doing $300k a month? $300K could represent the sale of 10 used cars a month (or less). $1M+?
    I have a file now. Used Auto. 500k Monthly Deposits.... 8 Positions. 1.5 Million Owed. 3 Mil in overall Funding (all at various stages)

    I didnt do it.... but the crazy thing is..... it makes sense, they keep renewing, merchant is paying. its Insane.

    Paying like 80k Weekly to MCA's
    Last edited by ryan $; 05-10-2018 at 09:30 AM.
    Reply With Quote Reply With Quote

Similar Threads

  1. Auto Dealer on 3rd position
    By shmullsky in forum Deal Bin
    Replies: 4
    Last Post: 05-19-2017, 09:21 AM
  2. Used Auto Sales- 2nd Position
    By eljets11 in forum Deal Bin
    Replies: 6
    Last Post: 11-07-2016, 01:33 PM
  3. Auto Sales- Looking for consolodation or 4th position
    By funddog in forum Deal Bin
    Replies: 7
    Last Post: 10-26-2016, 11:53 AM
  4. Need A First Position Auto Lender
    By ISO man in forum Merchant Cash Advance
    Replies: 7
    Last Post: 09-22-2016, 01:43 PM
  5. Auto Broker 2nd Position
    By Cshoke in forum Deal Bin
    Replies: 5
    Last Post: 08-18-2015, 10:46 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules



INDUSTRY ANNOUNCEMENTS
Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending

DIRECTORY