[IKorie]

I have a airplane commercial cargo business that has been grounded for 2-2.5 months that is looking for 50k, to upgrade the plane to regulation standards. Before He was grounded he was grossing 8k a week. His business is worth 1.6 million. He has two contracts waiting for him one for 3 years and another for 7 years. His credit score, he says is 650(i always take 30 points away from what they tell me). He has no open bankruptcies. Than he has items he can use for collateral; a bike, two antique cars and a boat. With the value of this items around 55-70k. Can anyone do something with this?

[RichardGerard]

Asset based lending or PO financing are the only possibilities..

Contact me to discuss Richard 516 510 3855

[Andy]

Doable with those assets, but wont be 50k, figure 60% LTV at best so maybe around 30k

[CpepeWBL]

We can take a look using the two antique cars, and the boat as collateral. Is there money owed against the plane?

Chris Pepe
Vice President
World Business Lenders, LLC

[Erin Dreselly]

I can take a look at this one. Please contact me.

[Miguel martinez]

we do offer loans based on collateral let me take a look at it and see if we can do something for your merchant