Wholesaler doing $80k a month
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  1. #1
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    if credit is as strong as you say and the balances in the bank are good then 40k seems a little low. That said, I dont think you will get to 100k. If you figure 70k gross sales, then on a 100k loan over 12 months, the payments would work out to be about 16% of gross depending on the factor rate... Banks in this space are not going to have a 16% gross reserve over 12 months, especially to a wholesaler which works on a lower profit margin

    If the balances are good and the credit is what you say then 60k-70k would probably be the max you can find if you can get a 12 month approval

  2. #2
    Member Reputation points: 10 Finance Master's Avatar
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    Send Me the file i can get that for you no problem Message me and we can speak i fund all types of loans low rates.4-6 POINTS PAID ON FUNDED AMOUNT .
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    Lawrence Beigelman
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    Main- 718-314-0774
    Fax - 718-559-4831
    Email-Lbeigelman@Rocfundinggroup.com

  3. #3
    Member Reputation points: 10 Finance Master's Avatar
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    Listen J-Celifarco Send me loans and ill show you what i can do. Dont bash others if you dont know what they are capable of doing.This is my private work email .
    Quick Funding Group
    Lawrence Beigelman
    Vice President Of Operations
    Main- 718-314-0774
    Fax - 718-559-4831
    Email-Lbeigelman@Rocfundinggroup.com

  4. #4
    Administrator Reputation points: 59879 admin's Avatar
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    Quote Originally Posted by Finance Master View Post
    Listen J-Celifarco Send me loans and ill show you what i can do. Dont bash others if you dont know what they are capable of doing.This is my private work email .
    Hi Lawrence,

    Please bear in mind that the forum administration has been encouraging its members to use a commercial email address when soliciting business. We believe this will improve transparency and legitimacy.

    Hope that helps for future postings.

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