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  1. #1

    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.

  2. #2
    Senior Member Reputation points: 337045
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    We are a factor and an asset based lender.
    Hedley Lamarr......That's Hedley

  3. #3
    Senior Member Reputation points: 5016 @jeannette's Avatar
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    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 done
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  4. #4
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    Quote Originally Posted by Parkview Advance View Post
    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.
    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?

  5. #5
    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.

  6. #6
    Senior Member Reputation points: 81655
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    Quote Originally Posted by Parkview Advance View Post
    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.
    There are very few "Direct Funders" outside of Banks
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  7. #7
    Senior Member Reputation points: 2902 JParr's Avatar
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    We fund directly for equipment financing and secured working capital. Happy to chat about our programs!
    Joshua Parrish | SLIM Capital
    (415) 938-4977 | josh@slimcapital.com
    www.slimcapital.com

  8. #8
    Senior Member Reputation points: 8447
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    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

  9. #9
    I need an aggresive equipment leasing company for a larger oil and gas deal

  10. #10
    Senior Member Reputation points: 8536
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    Quote Originally Posted by Parkview Advance View Post
    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.
    ...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?

  11. #11
    Senior Member Reputation points: 8536
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    Quote Originally Posted by mk2100 View Post
    I need an aggresive equipment leasing company for a larger oil and gas deal
    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?

  12. #12
    Senior Member Reputation points: 2902 JParr's Avatar
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    Quote Originally Posted by getitfunded View Post
    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?

    Exactly. When I hear aggressive I think they are trying to find a home for a bottom drawer deal.
    Joshua Parrish | SLIM Capital
    (415) 938-4977 | josh@slimcapital.com
    www.slimcapital.com

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