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  1. #1
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    Top recommendations for Used Auto Dealership

    Doing $3M annual. Needs $150-$300K.

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Irvine, CA
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    24 Capital
    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: 9802
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    Car dealers have a very high cost of goods. We will fund them but we need tax returns. to see what the real revenue is. And we cap at 6 months. We work like a line of credit on first position deals where we just keep extended the term out every few months so they do not get refinanced on the old balances and get the lower rate for a longer time period.

  4. #4
    Senior Member Reputation points: 1393
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    Quote Originally Posted by closer129 View Post
    Car dealers have a very high cost of goods. We will fund them but we need tax returns. to see what the real revenue is. And we cap at 6 months. We work like a line of credit on first position deals where we just keep extended the term out every few months so they do not get refinanced on the old balances and get the lower rate for a longer time period.
    What is your contact info and name of your company?

  5. #5
    Senior Member Reputation points: 9802
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    Quote Originally Posted by Quickfunder View Post
    What is your contact info and name of your company?
    Scott Platto
    scott@tmrnow.com
    www.tmrnow.com

  6. #6
    Quote Originally Posted by Quickfunder View Post
    Doing $3M annual. Needs $150-$300K.
    We do used auto. 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

  7. #7
    Send it over, we'll review. Thanks Steve
    203-705-8764

  8. #8

    We fund used car dealers

    I can get your guy what he needs, feel free to 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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