Results 1 to 21 of 21
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02-27-2013, 11:05 AM #1
Asset Based Loans / Using items as collateral
I know a lot of ISO shops are pretty resourceful and can help small business owners get a commercial mortgage or factor the invoices if that's what the situation warrants. Is there any reseller market for the surging pawn industry? Every time I read an article about using jewelry and other items as collateral to get a short term loan, I wonder if anyone in our field has ever encountered it. All feedback is welcome.
http://www3.cfo.com/article/2013/2/c...low?currpage=1
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04-03-2013, 04:29 PM #2
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
Yes there are now lenders that do secured short term loans secured by jewelry, high end cars, paintings, wine etc, at rates a lot lower than cash advances. But it is very rare we use their services because most of the merchants looking for cash advances do not have these kinds of assets to put up as collateral
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05-29-2013, 09:41 AM #3
Andy,
Can you name a few of these lenders? The only asset-based lenders I know of right now collateralize real estate or vehicles and the rates are maybe a third lower than an unsecured advance.
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06-13-2013, 06:50 PM #4
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
Off the top of my head, borro. Based in NYC. www.borro.com
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07-25-2013, 09:23 AM #5
- Join Date
- Jul 2013
- Posts
- 4
Hi,
I manage the partner program at borro and we lend against all of the assets mentioned above. If you would like more information please let me know and I would be glad to discuss further. You can also sign up to our broker program here: https://www.borro.com/partners
Thanks,
Joe
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07-25-2013, 10:32 AM #6
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07-25-2013, 12:32 PM #7
Welcome to the board Joe
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08-19-2013, 11:00 AM #8
- Join Date
- Aug 2013
- Location
- Pittsburgh
- Posts
- 20
thnks Joe !! / my info below
Edward DeAngelis
VMC Capital, llc.
President-Sales & Marketing
888 Town Center Drive
Langhorne Pa 19047
Phone- 215.569.7107
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09-13-2013, 08:07 PM #9
- Join Date
- Sep 2013
- Posts
- 8
ASSET BASED LOANS ARE A GREAT WAY TO SECURE CAPITAL IN LEIU OF OR IN ADDITION TO A CASH ADVANCE!!!
My name is Brandon, Regional Sales Manager at Strategic Plus, a division of Strategic Funding Source. We offer competitive rates on Asset Based Loans, as well as some of the best rates in the industry on: Invoice Factoring (Receivables Financing), Purchase Order Financing, Consumer/Patient Financing, and Equipment Leasing. As a former pawnbroker myself for about six years, I understand that industry inside and out and it's amazing to see the parallels between lending consumers money off of jewelry, etc, to now lending businesses money based off equipment, receivables, and other types of collateral. For any questions on any of our programs or on how to be set up as an ISO, please contact me by e-mail at bcasamassa@sfscapital.com or by phone at 646-722-1514.
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11-03-2013, 07:57 AM #10
- Join Date
- Nov 2013
- Posts
- 5
Asset Based Loans / Using items as collateral
My name is James CEO of JD Merchant Capital, i have a lender that does any deals with collateral, as long the business have some type of collateral to put down they good, my company been very successful with them shoot me email @ jdmerchantcapital@ymail.com
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11-14-2013, 05:27 PM #11
- Join Date
- Jun 2013
- Posts
- 195
Asset Based Business Loans / Real Estate / Heavy Equipment / Free and Clear Titles
Contact me at Cpepe@wbl.com should you want to learn more about our business loan program. We lend up to 750K and will use real estate (commercial or residential) as additional collateral when approving a business for a loan. Average loan term is around 6 months. Feel free to shoot me an email to discuss. We have a very aggressive ISO compensation program.
Chris Pepe
World Business Lenders
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12-20-2013, 02:18 PM #12
Chris, do you lend against boats? Like luxury boats?
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01-08-2014, 01:52 PM #13
- Join Date
- Jun 2013
- Posts
- 195
We use assets for some of our deals. We consider assets to be any real estate commercial or residential (as long as there is equity), or any type of free and clear car, boar, trailer, truck, or heavy equipment. Feel free to shoot men an email or give me a call.
Chris Pepe
Vice President
World Business Lenders
Cpepe@wbl.com
Tel + 1 212 293 8210
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01-08-2014, 02:12 PM #14
just no california as of now right?
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03-24-2014, 09:45 AM #15
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
James can you shoot me an email so we can discuss a mutual relationship?
Thanks.Andrew J. McDonald
Director of ISO Development
Yellowstone Capital LLC
1 Evertrust Plaza
Suite 1401
Jersey city, NJ 07302
PH - 347.464.0785
FX - 646.213.1790
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04-16-2014, 05:09 PM #16
- Join Date
- Jul 2013
- Posts
- 4
Thanks for the warm welcome!
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04-23-2014, 07:08 PM #17
- Join Date
- Apr 2014
- Posts
- 73
I am looking for someone who can work with Oil Wells as far as collateral goes. High $$ loans.. Should be big commissions for all.
Give me a ring if any of you can do this.
(813) 403-1377
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05-08-2014, 10:29 AM #18
- Join Date
- Jun 2013
- Posts
- 195
We use assets including real estate, free and clear vehicles, and equipment for alot of our deals. Feel free to let me know what you are working on.
Regards,
CPepe@wbl.com
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05-15-2014, 04:29 PM #19
- Join Date
- May 2014
- Location
- Seminole, Fl.
- Posts
- 1
I have a client that ownes a lot of inventory and equipment, what is your criteria in order to fund?
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05-27-2014, 04:36 PM #20
- Join Date
- Jun 2013
- Posts
- 195
They must be in one of our 31 states. The only way we can use equipment as collateral is if we are in first UCC position. Feel free to email me at cpepe@wbl.com.
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07-19-2014, 02:00 PM #21
- Join Date
- Jul 2014
- Location
- TX
- Posts
- 16
Unlike what borrowers think, there are many companies in the market who offer loans against collateral. We happen to be one and will be glad to help. We lend against gold, artifacts and even cars and other movable properties. We have lent up to 600k to clients against real estate that was commercial. Generally the loan period is 6 months to a year and we also have a detailed compensation program in place. Get in touch today.