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  1. #1
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    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.

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    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.

  3. #3
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    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.

  4. #4
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    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.

  5. #5
    Senior Member Reputation points: 19243
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    Jan 2020
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    thanks!

  6. #6
    dakota financial

  7. #7

  8. #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

  9. #9
    Member Reputation points: 222 Prosperum Funding's Avatar
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    8 W 36th St NY, NY 10018
    Posts
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    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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