Need Hybrid ABL Lender Using Commercial & Ambulances for $800,000 Loan
Need a Funder or Vendor? START HERE

Results 1 to 4 of 4
  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Need Hybrid ABL Lender Using Commercial & Ambulances for $800,000 Loan

    I have a client with $560K equity btwn 2 SFR rental properties (65% LTV loan would be approx. $420K)

    Also owns approx. $1MM in liquidation equipment (ambulances, most of them in new condition with verifiable improvements).

    Also has about $1.7MM in A/R. This is an ambulance company.

    The client seeks just one loan for $800,000-1,500,000 between everything.

    Very important note is that this client WON'T, CANNOT put any money upfront for anything, except appraisal of commercial properties as a means of risk for underwriting this loan. This is solely due to upfront money scams he's been a victim of in the past.

    ***PLEASE DO NOT CONTACT ME IF YOU KNOW YOU WILL NEED DUE DILIGENCE MONEY UPFRONT.***

    I would like to know if there is a hybrid lender who could provide either a line of credit, or actual term loan with either 2 or 3 of the available collateral sources. If so, please contact me ASAP (the lender), or please let me know who that lender is.

    Thanks
    Last edited by Fundyman; 09-21-2018 at 12:35 PM.

  2. #2
    Senior Member Reputation points: 4567 NickHubbard's Avatar
    Join Date
    Jun 2015
    Location
    Saint Louis, Mo
    Posts
    334

    Newtek | https://www.newtekone.com/loans/lines-of-credit/ (LOC against A/R or Inventory)

    Maximcc | https://maximcc.com/bofinanceprograms/ ( Does ABL Term Loans using RE & Titled Vehicles/Equipment)

    Liftforward | https://www.liftforward.com/business-finance/ (provides business term loans using RE as collateral)

    Alleon Healthcare Capital | https://www.alleonhealthcare.com/ (A/R financing)
    Last edited by NickHubbard; 09-21-2018 at 01:00 PM.
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  3. #3
    Sent you a PM.

  4. #4
    Member Reputation points: 10
    Join Date
    Jul 2017
    Location
    FL
    Posts
    35

    Hi Fundyman,

    Amerifactors will not ask your Factoring Clients to pay out of pocket upfront application or proposal fees.
    We can arrange any nominal due diligence legal & setup fees, be deducted from the first funding.

    Reasons to consider us:
    • AmeriFactors is a direct lender and has funded over $5BILLION since 1990.
    • We specialize in offering "NON-Recourse Factoring", which is often the preferred form of factoring for service-oriented companies.
    • AmeriFactors obviously pay brokers RECURRING monthly RESIDUAL commissions.
    • We use our own money, which leads to quicker Yes/No decisions, and lower financing costs.
    • No site visit required, fast closing docs offered, we have in-house legal dept.

    Send me a pm or give me a call or email, to learn more about our quick financing options.

    Rob Brownell
    Amerifactors Financial Group
    215 Celebration Place, Suite 340, Celebration, FL 34747
    p: 772-419-8606
    e: rbrownell@amerifactors.com
    w: www.amerifactors.com

Similar Threads

  1. Commercial lender for hospitals?
    By Red in forum Deal Bin
    Replies: 8
    Last Post: 10-17-2018, 12:02 PM
  2. Hybrid MCA?
    By Mynameisbob in forum Merchant Cash Advance
    Replies: 8
    Last Post: 08-30-2018, 07:52 AM
  3. Personal/Business Hybrid
    By Skytop in forum All Other Lending
    Replies: 2
    Last Post: 04-19-2018, 02:19 PM
  4. New hybrid underwriter & direct lender seeks a few good brokers
    By DivergentCapital in forum Promotions
    Replies: 6
    Last Post: 09-01-2016, 05:41 PM
  5. Help me design a new hybrid advance product
    By bdshaw in forum Deal Bin
    Replies: 6
    Last Post: 02-07-2016, 12:44 PM


Posting Permissions

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


INDUSTRY ANNOUNCEMENTS

LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle
Fintech Nexus is shutting down


DIRECTORY