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06-20-2019, 11:52 AM #1
- Join Date
- Jan 2014
- Posts
- 283
Auto Sales: 2nd position
I have funded a decent of Auto Sales shops(usually 1st positions only), but am having a hard time getting one a 2nd position at the moment, as his initial round of funding was about 30 days ago. He is expanding and has a big promotion for July 4th weekend, as well as another one Labor Day weekend. Other than YS I do not know of any Lenders that will do this...needs $20k-$30K, preferably 6 month term with weekly payments(if possible).
-$50k-$60K/month
-balance is approximately $30K w/current Lender
-credit is average(high 500s-low 600s)
-pretty consistent revenue, hardly any NSFs
Direct Lenders only please, any help would be appreciated
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