Results 1 to 10 of 10
-
11-10-2021, 12:13 PM #1
- Join Date
- May 2021
- Posts
- 13
Auto Dealer,close to $300k revenue/month, Need 300k Term loan.
I'm currently working with an auto dealer that is doing close to $300k in monthly revenue. Owner"s FICO is 700+, been in business for over 7 years. Bank statements is really great. Owner is looking for $300k term loan.
Merchant currently have one approval offer for $50k.
Any direct lenders out there working with auto dealers and can offer close to $300k as a term loan ?
Please PM me if so.
Thanks.
-
11-10-2021, 12:19 PM #2
Something wrong if offer is only $50,000 unless it's MCA which usually requires some service revenue...as high risk like real estate brokers... I'll PM you.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
-
11-10-2021, 12:35 PM #3
- Join Date
- Apr 2021
- Posts
- 4
call me 347-849-7704
-
11-10-2021, 01:05 PM #4
CAR DEALERSHIPS
In 2009, the SBA modified the 7(a) loan program guidelines to specifically give auto and RV dealers access to greater financing opportunity, doubling number of dealerships eligible for the SBA 7(a) program. According to the SBA, a car dealership can qualify for funding as long as their net worth is under $8.5 million and their net income averages less than $3 million. The funding dealerships could access under the SBA program would be used for working capital as opposed to for floorplan financing. 10 year term 5.5% adjusts every quarter. Up to 30% of gross revenue.
And the EIDL program is still active. 3.75% 30 year term. no payments for a year.Last edited by Olderguy; 11-10-2021 at 01:14 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
-
11-10-2021, 09:27 PM #5
- Join Date
- Mar 2016
- Posts
- 186
-
11-11-2021, 02:28 PM #6
- Join Date
- Jul 2021
- Posts
- 74
We do term loans.
Offers of 1-10 years, 3.99%-12.99%
Prepayment discount with early payoff or refinance, no future interest.
Loans from 5000 to unlimited.
Property loans 70% + LTV
-
11-11-2021, 02:31 PM #7
- Join Date
- Jul 2021
- Posts
- 74
We can do this
Jimmy@sigicancapitalcorp.com
718-685-6156
-
11-16-2021, 12:05 PM #8
PM regarding this one, love to get it done for you.
Frank Jacobs,
Funding Director
ProsperumFunding.Com
| Office | (929) 376-8912
| Fax | (888) 894-3518 or (212) 706-0117
| Email | FJacobs@ProsperumFunding.com
8 West 36th Street, Floor7 | New York, NY 10018
-
01-26-2022, 12:13 PM #9
- Join Date
- Jan 2022
- Posts
- 32
Send it over! iso@capital-infusion.com, cc: josh@capital-infusion.com
We have no bank charter so have the freedom and flexibility to do logic-based underwriting. Call me directly and let me know what you need to get it done. We like to get funky 305-306-3060
- A-/C+ paper (no high risk)
- 1-4 positions
- Monthly/weekly remittance
- Max Approval: $500k
- Max Term: 15 months
- Max Upsell: 13 pts
Send all deals to iso@capital-infusion.com, cc: josh@capital-infusion.com
Josh Waxman
VP Sales & Business Development
E: josh@capital-infusion.com
P: 305-306-3060
-
01-26-2022, 12:13 PM #10
- Join Date
- Jan 2022
- Posts
- 32
We have no bank charter so have the freedom and flexibility to do logic-based underwriting. Call me directly and let me know what you need to get it done. We like to get funky 305-306-3060
- A-/C+ paper (no high risk)
- 1-4 positions
- Monthly/weekly remittance
- Max Approval: $500k
- Max Term: 15 months
- Max Upsell: 13 pts
Send all deals to iso@capital-infusion.com, cc: josh@capital-infusion.com
Josh Waxman
VP Sales & Business Development
E: josh@capital-infusion.com
P: 305-306-3060
Similar Threads
-
300k term loan - need a suggestion
By Igm in forum Deal BinReplies: 6Last Post: 09-17-2019, 02:52 PM -
Auto sales 200-300k/month
By Nikki96 in forum Deal BinReplies: 18Last Post: 10-29-2018, 11:18 AM -
used car dealer. ave 250K per month revenue looking for 150K loan.
By qcf in forum Deal BinReplies: 9Last Post: 10-01-2016, 05:02 PM -
***Used car dealer with auto body shop need max offer 300k-500k
By #1closer in forum Deal BinReplies: 6Last Post: 01-27-2016, 02:17 PM -
Used Auto Dealer and service client - $2 million/month in revenue
By The Money Guy in forum Deal BinReplies: 5Last Post: 10-19-2015, 11:40 AM