Results 1 to 12 of 12
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01-14-2021, 11:00 AM #1
- Join Date
- Feb 2020
- Posts
- 30
Equipment Financing and Factoring
Looking for equipment financing and factoring guys who actually use there own money and dont just broker the deals out.
Let me know if you have any suggestions.
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01-14-2021, 11:02 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
We are a factor and an asset based lender.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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01-14-2021, 11:08 AM #3
AmeriFactors is a direct factor and we are owned by Gulf Coast Bank. AmeriFactors is a Non-Recourse Factor. We work with most industries including Progress Billed Construction. We are extremely flexible when it comes to pricing.
Things that make us stand out:
We can work with high concentrations – Single Debtors
We do not have to factor all of a client’s debtors
We work with construction, including progress billing
We can work with tax liens in progress payments
A client does not need to be cash flow positive
We can work with start-ups
Our contracts are as low as 100K per year in annual volume and as high as 100 Million
Our terms go out 130 days in all of our contracts without chargeback to the client (non-recourse)
We can work with US and Canada
Due Diligence Fees are taken out at the time of First Funding and not before the full underwrite and invoice verification is doneJeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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01-14-2021, 11:09 AM #4
- Join Date
- Feb 2017
- Posts
- 3,463
Define "own money." WBL uses Axos Bank for many of their deals (and then buys the deal off of them). Axos Bank has deposits from both personal and business accounts, and it's not technically "their" money either. Seacoast and Amerifactors are banks, for example, and I don't think anyone would describe them as not being direct.
But if you mean "direct," the line there is blurry too, but a very large percent of factors have credit lines or investors that they resell as factoring, just like with MCAs, private real estate lenders, etc etc etc.
So, really, the question is, why do you want "actually uses their own money"? What's the pain point?
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01-14-2021, 11:18 AM #5
- Join Date
- Feb 2020
- Posts
- 30
When I use the term Direct, I want to submit to a company for them to price out the deal, not submit to someone who then submits to someone else.
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01-14-2021, 11:24 AM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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01-14-2021, 01:44 PM #7
We fund directly for equipment financing and secured working capital. Happy to chat about our programs!
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01-14-2021, 06:14 PM #8
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
We are a 100% direct lender, no line of credit with any bank. Credit card split deals exclusively. We user our credit card split MCA product to fund equipment and have no issues paying 3rd parties.
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
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01-19-2021, 04:49 PM #9
- Join Date
- Oct 2020
- Posts
- 47
I need an aggresive equipment leasing company for a larger oil and gas deal
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01-19-2021, 05:44 PM #10
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
...and would you happen to have experience and be a licensed/certified equipment finance broker? You may be trying to run a marathon before you've even done a lap. How many equipment financing deals have you closed and who do you work with (questions every lessor will ask, and they don't care how many MCA deals you do).
God speed in going direct if you haven't at least funded 10 equipment deals (direct) and be able to provide references. Use a broker who pays a good commission and can help you understand the documentation process as a way of investing in yourself. (PM me)
As for factoring, it'll be easy to go direct (for the most part) but just as everyone else has done, start researching. Find the best factor (or leasing programs) for your clients and sign with those sources instead to throwing up a post and getting flooded with the Yes men.
What type of equipment are you trying to finance anyway?
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01-19-2021, 05:55 PM #11
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
When you say aggressive, what do you mean?
What classifies it as larger?
Also, please mention what assets they are trying to finance?
Do you have equipment deal flow, or are you trying to place a singular file?
These types of posts, especially with the words “larger” and “oil and gas” requesting “aggressive” lending sources and no other valuable information seem to have a weird effect...
Instead of what you posted, the people on the forum see something like this...
($50,000,000 equipment finance deal, pre-revenue and using land as collateral, the owner doesn't want credit pulled etc. and so forth.)
Lol, you get what I'm trying to say right?
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01-20-2021, 01:39 PM #12
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