Auto Dealership / Repair shop
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  1. #1

    Post 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.

  2. #2
    Senior Member Reputation points: 68259 Olderguy's Avatar
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    Irvine, CA
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    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

    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.

  3. #3
    Senior Member Reputation points: 10476
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    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

  4. #4
    Quote Originally Posted by mdgc00 View Post
    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.
    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

  5. #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/

  6. #6
    Banned Reputation points: 6026
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    Sounds like this is a prefect fit for hybrid
    Email us today kevin@hybridadvancellc.com

  7. #7
    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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