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  1. #1
    Senior Member Reputation points: 17055
    Join Date
    Dec 2013
    Posts
    572

    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 (à 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: 268721
    Join Date
    Mar 2015
    Location
    Boynton Beach, FL
    Posts
    2,915

    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.
    Seacoast Business Funding, a division of Seacoast Bank
    Kevin Henry-VP Business Development
    Kevin.Henry@SeacoastBF.com
    561-623-1872
    www.seacoastbf.com
    Boynton Beach, FL

  3. #3
    Senior Member Reputation points: 126089
    Join Date
    Feb 2017
    Posts
    2,110

    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
    Micah Markowitz | mmarkowitz@abfunders.com | 855-33-GO-ABF (direct)

  4. #4
    CONTACT ME ASAP!
    Bilderberg Business Lenders
    732-552-5010

  5. #5
    DONE DEAL!!!

    Anthony Auriemma
    Phone : 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010
    Email: anthony@BilderbergBusinessLenders.com

    www.BilderbergBusinessLenders.com

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