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11-23-2021, 12:32 PM #1
- Join Date
- May 2019
- Location
- Miami
- Posts
- 142
Need factoring for 1 million A/R semi truck dealer
Looking for Factoring company that works with semi truck sales. Any one know a good company?
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11-23-2021, 12:36 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
You cannot factor truck sales. There is no true invoice to finance. You need to discover somebody willing to provide floor plan financing on the vehicles/inventory.
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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11-23-2021, 12:40 PM #3
- Join Date
- May 2019
- Location
- Miami
- Posts
- 142
The dealership is self financing
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11-23-2021, 12:43 PM #4
- Join Date
- May 2019
- Location
- Miami
- Posts
- 142
As a lease arrangement
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11-23-2021, 12:45 PM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
Again-there is NO receivable to finance. You need to seek floor plan financing for the inventory OR a warehouse line for the internal finance company.
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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11-23-2021, 01:13 PM #6
You need a different kind of loan. Email me a loan app, 4 months of business bank statements, most recent business tax return and 2002, 2021 YTD P & L and balance sheet. https://app.hellosign.com/s/JljnpJWp
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.
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