Results 1 to 15 of 15
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09-14-2022, 01:19 PM #1
- Join Date
- Apr 2017
- Posts
- 127
Lender that funds dealerships
Please message or reply to this post with all direct lenders who will fund used car dealerships.
Thank you.
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09-14-2022, 01:20 PM #2
- Join Date
- Apr 2017
- Posts
- 127
On this specific deal they have been in business since 1968
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09-14-2022, 01:45 PM #3
Do they have service or do they just sell cars?
Mr. Advance
24capital (the same)
Think maybe IOU
Pearl
FundMeSteve Benjamin
Professional Business Loans
522 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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09-14-2022, 01:48 PM #4
- Join Date
- Sep 2021
- Posts
- 43
TBF - funded a $250k 120 payments with them for a used car dealer. Just make sure they have a good/presentable Financial Statement.
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09-14-2022, 01:50 PM #5
- Join Date
- Feb 2017
- Posts
- 3,463
IOU will not do this
Pearl does
And Steve, there's no such thing as "Lendme." You meant "Loanme" and they stopped lending months ago, as was publishing on Debanked, in the news and on Daily Funder.
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09-14-2022, 02:01 PM #6
Last edited by Olderguy; 09-14-2022 at 02:03 PM.
Steve Benjamin
Professional Business Loans
522 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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09-14-2022, 02:03 PM #7
If the business is averaging $500k+ monthly in deposits, we would be happy to review and put an offer out. Contact info in the signature below.
203-705-8764
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09-14-2022, 03:18 PM #8
- Join Date
- Nov 2019
- Posts
- 691
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09-14-2022, 05:22 PM #9
- Join Date
- Apr 2017
- Posts
- 127
Thank you. What's TBF stand for? I'll look them up now
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09-14-2022, 05:22 PM #10
- Join Date
- Apr 2017
- Posts
- 127
Thanks. Message me your email address and phone number
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09-15-2022, 10:38 AM #11
- Join Date
- May 2022
- Posts
- 98
We have no issues with dealerships. Get in touch.
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
-Term Loans and LOC available for A & B paper
Michael Ross
Lendbug
New York, NY
Mross@lendbug.com
646-360-0411
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09-15-2022, 11:49 AM #12
Auto Car Sales
Hello, Minimum monthly revenue for restricted industries such as trucking & auto car sales is 100k+ I would be glad to hop on a call to get acquainted & discuss our programs. My contact info is below.
Thank you
High Risk Program Specialty:
- Large Deals
- High Risk
- B to D Paper
- 1st to 12th position
- Default Deals are entertained on a deal-by-deal basis
(Satisfied judgments, payment plan, time of default, Reason Of Default & more)
- Other Company Declines (Deals that are hard to get offers on)
- Exceptionally Competitive With Dollar Amount
Our Product
10k to 3MM
(For increase of funds, a deal-by-deal basis)
-Terms up to 75 days
(Flexible with large funding amounts)
-Instant DocuSign contracts
-All submissions are priced at 1.49 with brokers discretion to down sell
Minimum monthly revenue - $50,000
-Minimum monthly deposit count - 5
-Average daily balances - $1,500.00
-Time in business - 6 Months (12 months preferred)
-All credit scores accepted
-No credit checks (We focus on healthy ledgers and payments history)
-Restricted Industries (Minimum monthly revenue - $100,000
-Canada - Yes. (Must be a US bank account (Min Rev 150k)
-Tax Liens - Must be on payment plan
-Ownership 100% (All parties must sign)
-We can only fund traditional bank accounts.
(Not accepted banks E.g. PayPal, BlueVine, Square, Kabbage, etc.)
Gill Navarro
Director of ISO Relations
Direct: 1(862)-303-3225
Email: Gill@keycapitalfunding.com
Website: https://keycapitalfunding.com/iso/
updated Banner.gifLast edited by keycap123; 09-15-2022 at 11:55 AM.
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09-15-2022, 01:20 PM #13
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
We can consider a credit card split deal but they would need to have a service department as part of the dealership.
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
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09-19-2022, 04:12 PM #14
- Join Date
- Apr 2022
- Posts
- 4
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10-02-2022, 11:34 AM #15
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
ive funded a dealership for 1.5m once, and that lender only requires outta of everything difficult. a service bay and used car dealership attached to a new car dealer. floor plan isnt an issue if its above the mca offer.
Did this deal ever get funded?
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