Used Auto, Auto Repair, Auto Sales, Trucking Industries
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  1. #1

    Used Auto, Auto Repair, Auto Sales, Trucking Industries

    Any lenders funding these industries anymore?

  2. #2
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    24 Capital
    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.

  3. #3
    Senior Member Reputation points: 12696
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    Quote Originally Posted by zsp group View Post
    Any lenders funding these industries anymore?
    My company tmrnow is fundingall types auto sales if they qualify. We need tax returns on submission due top high cost of goods for that industry. We cap at 6 months.

    We have a lot of auto repair companies on our books.

    Trucking needs at least three trucks and strong daily balances for us to fund them. We are capping that industry at 6 months for now.

    Our first position deals work kind of like a line of credit where we do not refinance the old balances on renewals.

    Scott Platto
    scott@tmrnow.com
    212-220-9872

  4. #4
    Updated Revenue Requirements: $500k+ monthly for auto sales, $200k+ monthly for transport (must have at least 50% organic deposits, cannot be 100% factored), $75k+ monthly everything else. Processing time: 2 hours.

    Contact info in the signature below. Thanks Steve for the shoutout
    203-705-8764

  5. #5
    Senior Member Reputation points: 22201
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    Auto Repair: we are funding NON-STOP.. In fact there is a GOOD chance that after you get an offer (from others) you will see Capybara Capital come in and WIN the deal with our GREAT LONGER TERMS! with Buy-Rates to down-sell for competing offers or max upsells.

    Used Auto: restricted
    Last edited by MCA-VET; 11-22-2022 at 12:08 PM.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  6. #6
    Senior Member Reputation points: 84417
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    Quote Originally Posted by zsp group View Post
    Any lenders funding these industries anymore?

    Auto Repair - Credit Card Split Funding is an excellent option

    Flexible Daily Payments
    1st Position
    No UCC
    No PG
    No stacking
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  7. #7
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    we would fund, as long as they have high revenue.

    equita advance
    eugene@equitaadvance.com

  8. #8
    Quote Originally Posted by zsp group View Post
    Any lenders funding these industries anymore?
    Uphill battle but we still do them. 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 LLC
    New York, NY
    Mross@lendbug.com
    646-360-0411

  9. #9
    We do auto repair
    Shoot me an email
    Cris Gonzalez
    Iso Relations Manager
    (786) 368-1815
    Cris@clarityadvance.com
    www.clarityadvance.com

  10. #10

    Supreme Funding

    We serve all industries
    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/

  11. #11
    Good afternoon

    I am with National Business Capital and yes this is one of our niches. We do have quick approval within a 24-hour time frame. Please let me know if you are interested, I have provided my information below. Thank you in advance.

    Kind regards



    Alicia
    (678) 786-7201
    aliciaj.businesscapital@gmail.com
    https://www.nationalbusinesscapital....ner/?ref=99855
    https://www.linkedin.com/in/alicia-josshua

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