Auto Sales 500k to 675k per month
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  1. #1

    Auto Sales 500k to 675k per month

    I know Auto Sales is a tough industry to fund.
    I have a used auto sales dealership grossing between 500 to 678k a month in deposits. Personal credit score 675. 2 years in business. They are looking for working capital for expansion. Looking for atleast a 9 month term. Seeking between 150k to 500k. 500k is really what's he seeking but I told him he may need to lower his expectations. 150k is the lowest he will take. Preferably weekly payments. If its not in your wheelhouse, I understand. If it is, please dm me.

  2. #2
    Senior Member Reputation points: 68259 Olderguy's Avatar
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    Assuming Sales, no service...

    Mr. Advance
    Pearl
    FundMe
    24 Capital
    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
    Quote Originally Posted by Olderguy View Post
    Assuming Sales, no service...

    Mr. Advance
    Pearl
    FundMe
    24 Capital
    Thank you. I'll check them out

  4. #4
    Senior Member Reputation points: 10476
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    My company will do car dealers but we cap at 6 months and need tax returns on submission due to super high cot of goods. But our first position deals work like a line of credit. Every 3 months or so we would just add on more money to the back of the open balance and keep the payment the same and when the old balances finish they start paying on the new one. So term does not matter if they keep renewing since they will get the rate of a 6 month term of a period of several years.

    Scott@tmrnow.com

  5. #5
    Senior Member Reputation points: 49940
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    Hi Ryan, this seems doable pending their daily balances and rev consistency. 9 months will probably be a stretch, but ill try to get as close to it as possible. Please feel free to reach out if I can be of any help.

  6. #6
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    if you want shoot it over we can take a look at it for you Leon Davis
    Funder / Iso Relations

    Brickstone Fund
    Phone: 347-433-7727

    EMAIL: Leon@brickstonefund.com

  7. #7
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    Quote Originally Posted by Olderguy View Post
    Assuming Sales, no service...

    Mr. Advance
    Pearl
    FundMe
    24 Capital
    Mr advance and 24 are the same company

  8. #8
    Banned Reputation points: 10
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    Won't be a 9-month term but I'll give you the dollar amount he wants

  9. #9
    Hi Ryan, 24 Capital funds used auto, full underwriting up-front, offer within 2 hours with an aggressive commission built in for you. My contact information is below, I look forward to connecting with you! Ian
    203-705-8764

  10. #10
    Senior Member Reputation points: 8447
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    If they have strong credit card sales volume we can consider it. Even better if they have a service facility.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  11. #11
    Quote Originally Posted by RyanPowell View Post
    I know Auto Sales is a tough industry to fund.
    I have a used auto sales dealership grossing between 500 to 678k a month in deposits. Personal credit score 675. 2 years in business. They are looking for working capital for expansion. Looking for atleast a 9 month term. Seeking between 150k to 500k. 500k is really what's he seeking but I told him he may need to lower his expectations. 150k is the lowest he will take. Preferably weekly payments. If its not in your wheelhouse, I understand. If it is, please dm me.

    this sounds doable. Send it over.



    Our funding Criteria:

    - 5k minimum funding
    - B, C, D paper
    - Offers not based on credit score - low credit ok
    - Response time (realistically) as low as 60 minutes
    - 1st - 5th position - Up to 38% withhold of net deposits
    - As low as 1.32 buy rates
    - Terms up to 140 days (weekly's upon approval)
    - Max Upsell to 15 points
    - Early Payoff Discounts
    - 15k a month average revenue
    - Minimum of 5 deposits per month
    - Minimal stips (VC & ID)
    - Docusign Contracts



    Michael Ross
    Lendbug
    New York, NY
    Mross@lendbug.com
    646-360-0411

  12. #12
    Auto sales 500-675k we can get that client private equity funds and also sblc funding beyond what a mca can do call me 574334021

  13. #13
    Quote Originally Posted by Olderguy View Post
    Assuming Sales, no service...

    Mr. Advance
    Pearl
    FundMe
    24 Capital
    Hi Steve,

    Can you please share the contact information for Pearl Capital?

    Thanks in advance

  14. #14
    Senior Member Reputation points: 68259 Olderguy's Avatar
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    I am not signed up with them but one of my brokers is and he sends his auto deals to them.

    https://pearlcapital.com/
    Last edited by Olderguy; 12-18-2023 at 08:26 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.

  15. #15
    Senior Member Reputation points: 29542
    Join Date
    Jun 2021
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    miami
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    Quote Originally Posted by RyanPowell View Post
    I know Auto Sales is a tough industry to fund.
    I have a used auto sales dealership grossing between 500 to 678k a month in deposits. Personal credit score 675. 2 years in business. They are looking for working capital for expansion. Looking for atleast a 9 month term. Seeking between 150k to 500k. 500k is really what's he seeking but I told him he may need to lower his expectations. 150k is the lowest he will take. Preferably weekly payments. If its not in your wheelhouse, I understand. If it is, please dm me.
    if he has assets and you actually want to help him reach out to me ill give him a 20-30 month term loan at 15% and it'll be at least 500k
    Midwestern Financial Solutions
    CEO
    Office - (954) 694-6402
    email- Info@midwesternfinancialsolutions.com
    MidwesternFinancialSolutions.com
    Where your box ends ours begins.
    https://www.linkedin.com/company/mid...ial-solutions/
    linkedin.com/in/brandon-cooper-426615267

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