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  1. #1

    New Auto Sales

    Who’s funding New Auto sales..Chevy dealership doing 2m per month

  2. #2
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    Oct 2020
    Location
    Beacon, NY
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    Breakout, NextWave, QuikStone, RDM Capital (630+ FICO), VitalCap

  3. #3
    Senior Member Reputation points: 5633
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    Quote Originally Posted by NationalCorporateData View Post
    Breakout, NextWave, QuikStone, RDM Capital (630+ FICO), VitalCap
    I thought RDM pulled out of auto sales for the time being? Yellowstone will also do it.

  4. #4
    Senior Member Reputation points: 14313
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    Pearl, Accord

  5. #5
    Senior Member Reputation points: 8536
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    Los Angeles, CA
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    Quote Originally Posted by brandon_ View Post
    Pearl, Accord
    Accord requires the following on Auto Sales:

    - 5 Years TIB with same company/owner
    - Minimum credit score of 650
    - Need a website to display inventory and they like to see social medial engagement
    - 40 VEHICLE INVENTORY
    - And... the need a floor plan in place

  6. #6
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    Quote Originally Posted by ryanh View Post
    I thought RDM pulled out of auto sales for the time being? Yellowstone will also do it.
    It's possible, will update our records.

  7. #7
    Senior Member Reputation points: 8447
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    We will consider this on credit card split. Generally they have one merchant account for the sales department and one for the service department. We like to base the advance on the service department in most cases. Being that this is a Chevrolet dealership the sales side probably doesn't have chargeback issues like a small independent dealership.

    For Quick Review:
    1.Fully completed and signed application
    2.October and November banks with voided check
    3.Credit Card processing portal Username and Password OR January - December credit card processing statements
    4.Owners driver license or government issued photo ID
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  8. #8
    If this hasn't been funded yet, Send it my way.

    Send over statements and App


    Matt Spinelli
    ISO Manager
    Spartan Capital
    matt@spartancapitalgroup.com
    201-907-4042

  9. #9
    Sponsor Reputation points: 9187 DannyFoxCap's Avatar
    Join Date
    Feb 2019
    Location
    Miami, FL
    Posts
    148

    Fox can take a look at this, our monthly minimum for auto sales is 150k/month. Reach out if you are not already signed up.
    Direct: 347-468-7528
    Cell: 305-753-3967
    Fax: 866-557-0455
    Email: Danny@foxbusinessfunding.com

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