Results 1 to 8 of 8
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04-10-2019, 08:38 AM #1
- Join Date
- Apr 2018
- Posts
- 6
Equipment Loan
I don't do very many equipment deals so I'm looking for some guidance. Contractor is looking to buy an insulation spray foam rig for $60k. Credit score is 800. Monthly revenues are $40k. What are the best options?
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04-10-2019, 10:34 AM #2
- Join Date
- Oct 2018
- Posts
- 99
Kevin @ Seacoast
Adam Ward
911 Ave U
Brooklyn NY 11235
adam@Funding-Zone
347-269-1598
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04-10-2019, 10:41 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,513
AllDayMoney-Thanks for the reference, but we cannot do equipment loans as a stand-alone deal and this would be way too small. We only consider equipment and inventory as an accommodation to a receivables facility (Factoring or ABL). Our bare minimum monthly revenue is $150K/month. Also considering the ask is for an insulation sprayer it would not be a fit as we do not touch construction related businesses.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-10-2019, 11:20 AM #4
- Join Date
- Nov 2015
- Location
- Long Beach, CA
- Posts
- 54
I could help out here on this deal but depends on how long the client has been in business. Generally our banks like to see 2-3yrs TIB at minimum and 70-90% comp credit if this is the clients 1st commercial deal. If you have any questions or would like some guidance on the deal feel free to give me a call.
Al Williams III Sr. Account Executive
TopMark Funding LLC
www.topmarkfunding.com
Phone: (916) 540-7271 | Fax: 949-242-2788 | Email: awilliams@topmarkfunding.com
Address: 4400 MacArthur Blvd Ste 740, Newport Beach, CA 92660
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04-10-2019, 03:29 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,005
Dave Lambert, Business Development
Managed Services Provider
https://www.united-internet.com
https://www.nmi.com
dave@fcbankcard.com
Office: 727-233-1111
Skype: fc-financial
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04-10-2019, 04:05 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
Ive heard great things about Topmark from my Equipment Vendors (that submit to mantis) ! they are the cream of the crop ...don't come after me I'm just repeating what i heard many times !
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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04-10-2019, 06:05 PM #7
- Join Date
- Nov 2015
- Location
- Long Beach, CA
- Posts
- 54
Thanks for the shout out.
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08-09-2019, 09:29 PM #8
- Join Date
- Mar 2019
- Posts
- 97
well since you heard that many times, let me share with you many times to level set the recommendation of TopMark...... I was contacted by them because of an inquiry I made on their webite, the offer was send me your lead, if it closes, I'll give $250.00 ...... that's a rip off if I ever heard one
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