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  1. #1
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    Lender that funds dealerships

    Please message or reply to this post with all direct lenders who will fund used car dealerships.

    Thank you.

  2. #2
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    On this specific deal they have been in business since 1968

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Do they have service or do they just sell cars?

    Mr. Advance
    24capital (the same)
    Think maybe IOU
    Pearl
    FundMe
    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
    TBF - funded a $250k 120 payments with them for a used car dealer. Just make sure they have a good/presentable Financial Statement.

  5. #5
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    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.

  6. #6
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Quote Originally Posted by abfunders View Post
    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.
    You're right - IOU used to. And FundMe was from a broker buddy. TY

    I got a $200,000 offer at 1.27 buy, 1.32 sell paid 5 points, 170 days Mr. Advance
    Last edited by Olderguy; 09-14-2022 at 02:03 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.

  7. #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

  8. #8
    Senior Member Reputation points: 9802
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    Quote Originally Posted by Red View Post
    Please message or reply to this post with all direct lenders who will fund used car dealerships.

    Thank you.
    My company tmrnow will fund car dealers if they qualify. We need tax returns on submission due to high cost of goods. We cap at 6 months. We do asdd on renewals and not not refinance the merchants old balances as long as they do not stack on us.

  9. #9
    Senior Member Reputation points: 117
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    Apr 2017
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    127

    Thank you. What's TBF stand for? I'll look them up now

  10. #10
    Senior Member Reputation points: 117
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    Thanks. Message me your email address and phone number

  11. #11
    Quote Originally Posted by Red View Post
    Please message or reply to this post with all direct lenders who will fund used car dealerships.

    Thank you.
    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

  12. #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.gif
    Last edited by keycap123; 09-15-2022 at 11:55 AM.

  13. #13
    Senior Member Reputation points: 8447
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    Jul 2015
    Location
    Tampa Florida
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    488

    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

  14. #14
    Banned Reputation points: 11
    Join Date
    Apr 2022
    Posts
    4

    Quote Originally Posted by keycap123 View Post
    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.gif
    Are you competitive on fees too, lol? I've seen you guys taking 30% in fees.

  15. #15
    Senior Member Reputation points: 27404
    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?
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

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