Equipment as collateral who is best lender
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  1. #1
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    Equipment as collateral who is best lender

    Big time contractor has $4,000,000 worth of heavy duty equipment owns outright. Looking to use as collateral to get funding or lease buy-back type of program? I used to use Utica but that never turned out too well any other ones have programs like they do?

  2. #2
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    This company probably has more than just equipment, don't they?
    What type of contractor is he? General or Sub?

  3. #3
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    We can use equipment as collateral in order to provide this client with funding. Keep in mind that the business has to be able to support the repayment and our pricing is geared toward MCA rates with terms up to 24 months. If you would like to discuss the file further, please feel free to reach out.

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

  4. #4
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    Good Morning,

    Banks with Asset based lending divisions will likely be the best source- assuming the client is cash flowing and can demonstrate the ability to term payments out. You didn't mention whether or not there was a Senior Lender in place.

    RG

  5. #5
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    Javier Mendoza, CLFP
    Senior Credit Analyst

    11620 Wilshire Blvd.
    Suite 540

    Los Angeles, CA 90025
    www.maximcc.com
    javier@maximcc.com
    MAIN: 213-480-4840 x202
    FAX: 213-261-8717
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

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