Auto Dealer,close to $300k revenue/month, Need 300k Term loan.
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  1. 11-10-2021, 12:13 PM #1
    Americanbizfunding
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    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.
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  2. 11-10-2021, 12:19 PM #2
    Olderguy
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    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
    1012 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.
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  3. 11-10-2021, 12:35 PM #3
    PaulMcafunder
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    call me 347-849-7704
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  4. 11-10-2021, 01:05 PM #4
    Olderguy
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    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
    1012 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.
    Reply With Quote Reply With Quote
  5. 11-10-2021, 09:27 PM #5
    mikem
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    Quote Originally Posted by Americanbizfunding View Post
    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.
    Just did a very similar file funded 125K/1.49/12 months.
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  6. 11-11-2021, 02:28 PM #6
    Jimmy C
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    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
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  7. 11-11-2021, 02:31 PM #7
    Jimmy C
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    We can do this
    Jimmy@sigicancapitalcorp.com
    718-685-6156
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  8. 11-16-2021, 12:05 PM #8
    Prosperum Funding
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    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
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  9. 01-26-2022, 12:13 PM #9
    Capital Infusion
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    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
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  10. 01-26-2022, 12:13 PM #10
    Capital Infusion
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    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
    Reply With Quote Reply With Quote

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