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  1. #1
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    Subprime Equipment Financing

    Hi,

    Besides Maxim and YES Leasing, are there any funders that will do trucking / construction with low 500 FICO and 15k+ in avg revs?

  2. #2
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    FCF Fund,

    I have few lenders who can take a look at this. Do you have Quote for the Equipment ?

    Regards,
    Millie

    Ready Commercial Capital Inc.
    www.readycommercialcapital.com
    1-800-303-0771

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    These guys will finance trucks with Fico's in the 500's.

    https://firstfinancialweb.com/

    But borrower will need co-borrower and/or money down.
    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.

  4. #4
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    Quote Originally Posted by Olderguy View Post
    These guys will finance trucks with Fico's in the 500's.

    https://firstfinancialweb.com/

    But borrower will need co-borrower and/or money down.
    Seems like they only work with vendors, do they onboard brokers at all?

  5. #5
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Quote Originally Posted by FCF Fund View Post
    Seems like they only work with vendors, do they onboard brokers at all?
    Yes I am set up as an ISO.

    https://broker.financeitforward.com/
    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.

  6. #6
    Banned Reputation points: 191
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    Dec 2021
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    8

    Dakota does the uglies

  7. #7
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    Quote Originally Posted by Charlie View Post
    Dakota does the uglies
    They are not taking on new ISO's. Plus from what I heard they are basically Maxim. Would like to submit to them and co-broker if you are up for it.

    DM me if interested. Need to know UW guidelines.

  8. #8
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Quote Originally Posted by FCF Fund View Post
    They are not taking on new ISO's. Plus from what I heard they are basically Maxim. Would like to submit to them and co-broker if you are up for it.

    DM me if interested. Need to know UW guidelines.
    I'll be glad to do it for you but they don't pay much. Email me the loan app, bank statement, equipment invoice and something showing their Fico. I have a guy over there that handles stuff and I've known him for years.
    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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