Need Asset-Based Loan Using about $1.5 million in Farm Equipment for $500,000 Loan
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013

    Need Asset-Based Loan Using about $1.5 million in Farm Equipment for $500,000 Loan

    The key issue here is getting this done without having to do income verification.
    If we can bypass appraisal as well, that would be gold. If not, that's understood, but for sure, better to do no income ver.

    They CANNOT let go of the equipment while using the capital ( la PledgeCap or the likes. He needs the equipment)

    70% of assessed FLV is the loan goal. Looking to move really quickly on this.

    Please PM me or email so I get faster notification; anything else doesn't work for me.. I can't follow threads to get notified or nothing...

  2. #2
    Senior Member Reputation points: 338241
    Join Date
    Mar 2015
    Boynton Beach

    I don't know of any equipment lenders or any other lender that will do a loan on equipment without verifying income or using some type of appraisal.....nor should they.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
    Senior Member Reputation points: 222781
    Join Date
    Feb 2017

    I know of at least two that do this type of thing. Rates work out to be a 1.5 factor rate over 4 years (monthly payments), there is an appraisal, and generally a yearly inspection (for another fee).
    75% FLV

  4. #4
    Banned Reputation points: 12
    Join Date
    Mar 2020

    Bilderberg Business Lenders

  5. #5
    Banned Reputation points: 12
    Join Date
    Mar 2020

    DONE DEAL!!!

    Anthony Auriemma
    Phone : 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010

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