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10-04-2019, 01:18 PM #1
- 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
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10-04-2019, 02:00 PM #2
- Join Date
- Aug 2019
- Posts
- 43
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 FalkenhaynCal 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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