Results 1 to 9 of 9
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01-10-2022, 05:57 PM #1
- Join Date
- Jan 2020
- Location
- New York, NY
- Posts
- 102
Equipment Financing for 600 credit score merchant
I have a long time client who needs some equipment financed for her Monuments company (headstones, engraving, etc). in biz over 10 years. Like most people her credit took a hit over the last 2 years but she has rebounded nicely and is now expanding a bit. I don't really do much in the equipment financing space and I'm looking for easy to work with lenders who work with merchants with less than perfect credit. Any recommendations would be appreciated. Thanks!
Last edited by FHFunding; 01-10-2022 at 06:06 PM.
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01-10-2022, 06:25 PM #2
Is she a 660 or better? 600 or better?
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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01-10-2022, 06:35 PM #3
- Join Date
- Jan 2020
- Location
- New York, NY
- Posts
- 102
currently 570, but she just paid off a ton of credit card debt last week. I would think that should pop her up quite a bit.
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01-10-2022, 06:56 PM #4
Lendspark, BlueVine, American Credit (Corey Rockafeler-Director
650-331-0750) used to have a no Fico program, I'm sure that there are others....Last edited by Olderguy; 01-10-2022 at 08:27 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.
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01-10-2022, 07:57 PM #5
- Join Date
- Jan 2020
- Location
- New York, NY
- Posts
- 102
thanks!
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01-10-2022, 08:32 PM #6
- Join Date
- Apr 2021
- Posts
- 112
dakota financial
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01-11-2022, 10:57 AM #7
- Join Date
- Mar 2020
- Posts
- 24
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01-11-2022, 04:37 PM #8
We can fund this but she would have to make at least $15,000/month.
No minimum FICO.
$10k to $5M.
1-5 year terms.
Funds in 2-5 days.Lashelle Cobham | Team Lead
Tampa FL, 33624
Cell: 813.599.7048
E-mail: lashelle@maximumcapitalgroup.com
Visit us: www.maximumcapitalgroup.com
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01-12-2022, 09:52 AM #9
PM us regarding this deal.
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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