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05-08-2018, 03:31 PM #1
- Join Date
- Jan 2014
- Posts
- 1,378
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?
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05-08-2018, 03:42 PM #2
- Join Date
- Feb 2017
- Posts
- 3,455
This company probably has more than just equipment, don't they?
What type of contractor is he? General or Sub?
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05-08-2018, 04:35 PM #3
- Join Date
- Jun 2017
- Posts
- 119
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
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05-09-2018, 07:38 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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
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05-14-2018, 11:54 PM #5
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
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: 213-261-8717Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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