Used Auto 1st position

**PuppetMaster** · 05-01-2018, 11:24 AM

Does anyone besides the following fund Used Auto 1st position?

-Pearl
-Yellowstone
-Lendini/quickfix
-Greenbox
-Ram

Thank you in advance. Merchant does 300,000 per month.

**J.Celifarco** · 05-01-2018, 11:40 AM

Accord

**gaxisa** · 05-01-2018, 11:54 AM

If I remember correctly EBF but I think they might cap out at like 25k or something

**mbernier** · 05-01-2018, 11:56 AM

We can fund used or new auto if the client has collateral. It doesn't have to be real estate, but that would be preferred. Feel free to reach out to discuss this file further.

We can do something here if the client has collateral to pledge. Give me a call to discuss this file further.

Michael Bernier
ISO Relations | Grand Capital Funding
P: 201.273.9162 | C: 860.916.2158
E: MikeB@GrandCapitalFunding.com

**mikem** · 05-01-2018, 12:26 PM

Originally Posted by gaxisa

If I remember correctly EBF but I think they might cap out at like 25k or something

EBF hasn't been doing auto for a good few months now..at least not used auto.

**SBF** · 05-01-2018, 01:07 PM

[QUOTE=PuppetMaster;93307]Does anyone besides the following fund Used Auto 1st position?

-Pearl
-Yellowstone
-Lendini/quickfix
-Greenbox
-Ram

Thank you in advance. Merchant does 300,000 per month.[/QUOTE

I am trying to figure out the same thing!
So far I have found SOS, Smart Business Funding & Lendini.. but they are all 4-5 months and max amount is $30K..
My client has crazy good credit, long time in biz doing $200K/month! I can't believe this is so hard to place!

**abfunders** · 05-01-2018, 01:18 PM

$200k/month in used cars? If one car goes for $30,000 - what's the profit margin on that? And then how many sales does he have per month?

Used cars are very hard to judge these things. You can't just assume "GROSS = PROFIT," and "More Gross = More Profit." I had a client who delivers gas to gas stations that was doing $74mm in revenue a year, but his profit margins are so low that he got rejected from everywhere.

**UniqueD** · 05-01-2018, 01:36 PM

I will need a lot more details, We wouldn't decline it because its a 1st position in used auto sales. Our min revenue threshold for this SIC is 250k ave monthly revenue.

Call me and/or send it over.

Daniel Salamon
Unique Funding Solutions
Direct: 718-475-7656
Email: Dan@ufsfunding.com

**LoanMe** · 05-01-2018, 01:41 PM

Originally Posted by PuppetMaster

Does anyone besides the following fund Used Auto 1st position?

-Pearl
-Yellowstone
-Lendini/quickfix
-Greenbox
-Ram

Thank you in advance. Merchant does 300,000 per month.

LoanMe can work with all "For-Profit" Industry types. Including New and Used Auto.

**BB_Cooper** · 05-01-2018, 02:05 PM

Cooper specializes in funding mid-tier b-lots.

Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com

**PuppetMaster** · 05-01-2018, 02:13 PM

Dan, we had sent it into Unique and it got declined because it is 1st position.

And Robert, I had emailed you yesterday but never heard back.

Thank you everyone for your responses. Received a great offer, considering, and am waiting on signed docs to start the month strong.

**NicoleC** · 05-01-2018, 02:18 PM

Yes, email me. Nicole Cruz

Ncruz@yellowstonecapllc.com

**BrianVCG** · 05-01-2018, 02:39 PM

Originally Posted by PuppetMaster

Does anyone besides the following fund Used Auto 1st position?

-Pearl
-Yellowstone
-Lendini/quickfix
-Greenbox
-Ram

Thank you in advance. Merchant does 300,000 per month.

brian@velocitycg.com - Theres def something we can do!

**Cashman1** · 05-01-2018, 05:00 PM

Originally Posted by UniqueD

I will need a lot more details, We wouldn't decline it because its a 1st position in used auto sales. Our min revenue threshold for this SIC is 250k ave monthly revenue.

Call me and/or send it over.

Daniel Salamon
Unique Funding Solutions
Direct: 718-475-7656
Email: Dan@ufsfunding.com

U dont do 1st stop asking for them!

**Cashman1** · 05-01-2018, 05:01 PM

Originally Posted by BrianVCG

brian@velocitycg.com - Theres def something we can do!

If credit is good they will hit it hard!

**mcaguru** · 05-01-2018, 06:06 PM

Originally Posted by Cashman1

U dont do 1st stop asking for them!

I think you should be the judge on here LOL! to keep em honest (but perhaps that would mean you would have to call out the place you root for

)....

**Cashman1** · 05-01-2018, 07:04 PM

Originally Posted by mcaguru

I think you should be the judge on here LOL! to keep em honest (but perhaps that would mean you would have to call out the place you root for

)....

If I was judge, I’d boot your ass from here today! The do 1st positions the same way you pay the most and have the fewest stips!

**patrickw** · 05-02-2018, 12:23 PM

Originally Posted by PuppetMaster

Dan, we had sent it into Unique and it got declined because it is 1st position.

And Robert, I had emailed you yesterday but never heard back.

Thank you everyone for your responses. Received a great offer, considering, and am waiting on signed docs to start the month strong.

Can you PM which lender offered you? I have a similar deal to work on.

**PuppetMaster** · 05-02-2018, 07:58 PM

Kash Kapital funded today for me. Great process. Give Nathan a call. Great communication and great offer.

**WestCoastFunding** · 05-02-2018, 08:27 PM

Originally Posted by PuppetMaster

Kash Kapital funded today for me. Great process. Give Nathan a call. Great communication and great offer.

They’re still around? Aren’t they just Empire rebranded?

**patrickw** · 05-03-2018, 02:09 PM

Originally Posted by PuppetMaster

Kash Kapital funded today for me. Great process. Give Nathan a call. Great communication and great offer.

nice!

Karen37a · 05-06-2018, 06:42 AM

[QUOTE=SBF;93320]

Originally Posted by PuppetMaster

Does anyone besides the following fund Used Auto 1st position?

-Pearl
-Yellowstone
-Lendini/quickfix
-Greenbox
-Ram

Thank you in advance. Merchant does 300,000 per month.[/QUOTE

I am trying to figure out the same thing!
So far I have found SOS, Smart Business Funding & Lendini.. but they are all 4-5 months and max amount is $30K..
My client has crazy good credit, long time in biz doing $200K/month! I can't believe this is so hard to place!

If it was me Id go to Cooper or Yellowtone first

**RDeStefano** · 05-10-2018, 09:16 AM

Originally Posted by PuppetMaster

Does anyone besides the following fund Used Auto 1st position?

-Pearl
-Yellowstone
-Lendini/quickfix
-Greenbox
-Ram

Thank you in advance. Merchant does 300,000 per month.

Potentially a 7-figure file if the auto dealer owns any real estate. We love used auto dealers!!! Please feel free to reach out 212-220-0175. Thanks, Robert

**WestCoastFunding** · 05-10-2018, 09:23 AM

Originally Posted by RDeStefano

Potentially a 7-figure file if the auto dealer owns any real estate. We love used auto dealers!!! Please feel free to reach out 212-220-0175. Thanks, Robert

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+?

**ryan $** · 05-10-2018, 09:25 AM

Mckenzie

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