Asset-Based Lending Using Strictly Value of Medical Equipment
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Asset-Based Lending Using Strictly Value of Medical Equipment

    I have medical facility with over $1 million in equipment, looking for $300,000 secured against whichever equipment pieces you wish.

    Please let me know who does this lending based STRICTLY on the value of the asset & can move quickly without the borrower having to pay $6-8,000 in appraisal fees.

  2. #2
    very tough to avoid the appraisal fee

  3. #3
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by CStewart View Post
    very tough to avoid the appraisal fee
    Fine, but will the funds be for sure like 70% of FLV? If so, the appraisal fee might work.

  4. #4
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    Quote Originally Posted by Fundyman View Post
    I have medical facility with over $1 million in equipment, looking for $300,000 secured against whichever equipment pieces you wish.

    Please let me know who does this lending based STRICTLY on the value of the asset & can move quickly without the borrower having to pay $6-8,000 in appraisal fees.
    Is that 2-5 pieces of equipment that are 1M or 10-20+ pieces that are 1M. Will make a big difference. We have a couple of funds that may consider but you will not get 70% with anyone. Might try SBA if the have the credit and financials

  5. #5
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    Have you tried Slim Capital?

  6. #6
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    No way getting that high of value, cmon

  7. #7
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    Rob, a percentage of LIQUIDATION value is what you will receive- which is what the lender would get if the client went sideways- in a FAST sale.

    If the credit and financials are strong- perhaps more

  8. #8
    Contact me as soon as possible, we're specializing in asset-based products and if you can send me over the full financials for this merchant we can have this done,
    David Sica
    ISO Relationship Manager
    AllFi Solutions, Inc
    Davids@AllFiSolutions.com
    Direct 347.831.4336

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