Results 1 to 7 of 7
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11-02-2022, 03:32 PM #1
- Join Date
- Jan 2022
- Posts
- 10
Auto Dealership / Repair shop
Anyone know who go behind libertas on a used autodealership / repair shop? Merchant is doing 400k per month and was funded 160k 12 months from libertas about 5 months ago. Need 100k over 8 - 10 months.
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11-02-2022, 03:36 PM #2
Is the Fico over 700 and do they make $100K+ on personal tax returns.
Get a personal loan 3 - 5 years 8% and up fund in a week.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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11-02-2022, 03:44 PM #3
- Join Date
- Nov 2019
- Posts
- 691
I can do used auto dealers but need tax returns on submission. Need taxes due to high cost of goods for auto dealers and even more on a deal that does repairs to separate the income from the auto sales and car repairs.
Car dealers usually cap at 6 months but depending on the percentage of revenue is from repairs and from sales we may go out 7-9 months. If you want me to take a look at it you can send me the file with last years returns to scott@tmrnow.com
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11-03-2022, 11:47 AM #4
- Join Date
- May 2022
- Posts
- 98
Sounds like something we could do. possibly without tax returns. get in touch.
Our funding Criteria:
- 5k minimum funding
- 6 month Min.time in business
- 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 for contract (VC & ID)
- Docusign Contracts
- We also offer asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates.
Michael Ross
Lendbug
New York, NY
Mross@lendbug.com
646-360-0411
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11-03-2022, 12:40 PM #5
Try Supreme
If the merchant got 12 months from Libertas, we could definitely come behind them with an eight-month deal. Reach out at the contact info below!
We specialize in funding:
Deals w prior Defaults
"Over Leveraged" deals
All Positions (as long as there is space)
Low FICO scores
and all other "difficult" deals
To submit a file or to request an ISO Agreement, kindly email underwriting@supremefunding.net.
I look forward to hearing from you.
Rasheed Miller
(917) 933-3095 (text or call)
https://supremefunding.net/
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11-03-2022, 02:14 PM #6
- Join Date
- Apr 2021
- Posts
- 121
Sounds like this is a prefect fit for hybrid
Email us today kevin@hybridadvancellc.com
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11-03-2022, 02:31 PM #7
- Join Date
- Jul 2022
- Posts
- 14
Capitalize considers used auto as restricted industry however, we might be able to give an offer with 2021 tax returns. You can submit your deal to tyler@capitalizegroup.com
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