Results 1 to 6 of 6
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12-09-2014, 11:25 AM #1
- Join Date
- Dec 2014
- Location
- NYC/Florida
- Posts
- 86
Cash Advance, possible collateral loan deal.
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?
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12-09-2014, 12:46 PM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Asset based lending or PO financing are the only possibilities..
Contact me to discuss Richard 516 510 3855
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12-09-2014, 02:05 PM #3
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
Doable with those assets, but wont be 50k, figure 60% LTV at best so maybe around 30k
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12-10-2014, 12:08 PM #4
- Join Date
- Jun 2013
- Posts
- 195
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
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12-30-2014, 12:22 PM #5
- Join Date
- Dec 2014
- Posts
- 93
I can take a look at this one. Please contact me.
Erin Dreselly
World Business Lenders
81 Market Sq., Suite 7
Newington, CT 06111
Direct: 860-549-2419
Cell: 860-692-4636
Fax: 860-499-5413
Email: edreselly@wbl.com
Web: www.wbl.com
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12-30-2014, 02:19 PM #6
we do offer loans based on collateral let me take a look at it and see if we can do something for your merchant
Miguel Martinez
Financial Coordinator
World Business Lenders
81 Market Square Unit 7
Newington, CT 06111
Toll-Free: (888) 441-9500 ext 235
Efax: (646) 417-7150
Mobile: (860) 759-6365
Email: mmartinez@wbl.com
www.wbl.com
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