Farm makes 2MM a year needs 150K
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  1. #1
    Member Reputation points: 32
    Join Date
    Dec 2014
    Location
    NYC/Florida
    Posts
    86

    Farm makes 2MM a year needs 150K

    NEEDS 150k

    His credit is around 475
    He owes his supplier under $100;000
    Money doesn't go in Bank Account, goes directly to supplier.

    He does around $1,8 m in business a year, which is shown in Tax Returns, but not in Bank Statements.
    Farm has been in family 100 years
    Has equipment worth over $500,000 has appraisal on
    Also getting farm money from government soon

  2. #2
    Hi,
    This may be a transaction we could get done. The 475 credit score does not help his case. What is the type/age of the equipment? We would need to have our own independent appraiser but we can typically lend to 60 to 80% of the forced liquidation value of the equipment.

    Please feel free to reach out.

    O: 847-784-0011
    E: CalFalkenhayn@elgallc.com

    Regards,
    Cal Falkenhayn
    Cal Falkenhayn | Senior Account Executive
    Equipment Leasing Group of America
    211 Waukegan Road, Suite 100 |Northfield, IL 60093
    O: 847-784-0011 | F: 847-784-0066 | M: 847-922-2729
    calfalkenhayn@elgallc.com | www.elgallc.com

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