Anyone left who still does car dealer ships?
Need a Funder or Vendor? START HERE

Results 1 to 13 of 13
  1. #1
    Senior Member Reputation points: 29542
    Join Date
    Jun 2021
    Location
    miami
    Posts
    436

    Anyone left who still does car dealer ships?

    Have a merchant with 750+ credit perfect mca payment history looking for a first but shes a car dealership. she usually has a first position a paper deal on 1-2 years but had to forego renewing it in Lui of buying a new property for her dealership. are there any A paper lenders or B paper lenders who will still look at a car dealership?

  2. #2
    Senior Member Reputation points: 73140 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,286

    24 Capital does car dealerships.
    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: 29542
    Join Date
    Jun 2021
    Location
    miami
    Posts
    436

    Quote Originally Posted by Olderguy View Post
    24 Capital does car dealerships.
    yeah i would never personally submit to them but thank you

  4. #4
    Senior Member Reputation points: 73140 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,286

    Yeah...I know, I know....
    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.

  5. #5
    Banned Reputation points: 573
    Join Date
    Jun 2022
    Posts
    86

    Hi,

    this is Eugene from Equita Advance. We normally don't do car dealerships but since this one has a history, we can take a look at it. how much do they do in revenue.

    eugene@equitaadvance.com

  6. #6
    i believe TBF does 500k a month and above
    reach out to scott@tbfgrp.com

  7. #7

    Amerifi Capital

    Quote Originally Posted by Bcooper View Post
    Have a merchant with 750+ credit perfect mca payment history looking for a first but shes a car dealership. she usually has a first position a paper deal on 1-2 years but had to forego renewing it in Lui of buying a new property for her dealership. are there any A paper lenders or B paper lenders who will still look at a car dealership?
    Amerifi does car dealerships but not 1st positions, shoot me an email if you put someone in and need a 2nd
    Jason@amerificapital.com

  8. #8
    Senior Member Reputation points: 10476
    Join Date
    Nov 2019
    Posts
    676

    Quote Originally Posted by Bcooper View Post
    Have a merchant with 750+ credit perfect mca payment history looking for a first but shes a car dealership. she usually has a first position a paper deal on 1-2 years but had to forego renewing it in Lui of buying a new property for her dealership. are there any A paper lenders or B paper lenders who will still look at a car dealership?
    I do car dealerships but need tax returns on submission due to very high cost of goods and we cap at 6 months. But our renewals do not get refinance and work kind of like a line of credit.

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

  9. #9
    Senior Member Reputation points: 29542
    Join Date
    Jun 2021
    Location
    miami
    Posts
    436

    Quote Originally Posted by jasonamerifi View Post
    Amerifi does car dealerships but not 1st positions, shoot me an email if you put someone in and need a 2nd
    Jason@amerificapital.com
    is this amerifi capital in Pennsylvania or amerifi capital in Florida?

  10. #10
    we can take a look. we do auto sales over 100k per month

    submissions@americanchoicecapital.com

  11. #11
    Quote Originally Posted by Bcooper View Post
    Have a merchant with 750+ credit perfect mca payment history looking for a first but shes a car dealership. she usually has a first position a paper deal on 1-2 years but had to forego renewing it in Lui of buying a new property for her dealership. are there any A paper lenders or B paper lenders who will still look at a car dealership?
    We do but ask for 150k min rev.

    Lendbug Is Now Doing Asset Based Funding !!!

    We have revamped our lending criteria for aggressive offers and maximum deal flow. We pride ourselves on being extremely creative and flexible.

    Our Asset Based Lending Criteria:

    - Non-primary residences only
    - Commercial and investment properties only
    - funding up to 50% LTV
    - Up to 18 month terms
    - Funding in as quickly as 5 days
    - 10 point commission

    Our MCA Criteria:

    - As low as 2k micro 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.

    ISO Agreement Link Bellow;
    https://na4.docusign.net/Member/Powe...db752ace08&v=2

    Michael Ross
    Lendbug LLC
    New York, NY
    Mross@lendbug.com
    646-360-0411

  12. #12
    Member Reputation points: 424 American Choice Cap's Avatar
    Join Date
    Nov 2022
    Location
    New York
    Posts
    50

    del
    --
    Zohar Avshalom
    263 Tresser Blvd, 9th Floor, Stamford, CT 06901
    ISO Relations
    American Choice Capital
    917-267-9182

    Zohar@americanchoicecapital.com

  13. #13
    Senior Member Reputation points: 73140 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,286

    Windgate Capital:

    Industries We Specialize in:
    Construction
    Hotels/Hospitality
    Trucking/Transport
    Healthcare/Medical
    Auto Repair / Auto Sales
    Food Service (Restaurants,Catering)

    Scott King
    Sr. Funding Coordinator
    Windgate Capital
    Direct516) 400-2062 ǀ Fax: (347) 708-8699
    Scott@WindgateCapital.com
    https://www.WindgateCapital.com/
    Last edited by Olderguy; 01-10-2023 at 02:02 PM.
    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.

Similar Threads

  1. 8 Days Left
    By Loyola in forum Promotions
    Replies: 0
    Last Post: 08-21-2019, 12:00 PM
  2. auto dealer ships?
    By Sachip24 in forum Deal Bin
    Replies: 5
    Last Post: 03-23-2018, 12:23 AM
  3. Karen has left the Building
    By Karen37a in forum Everything else
    Replies: 15
    Last Post: 02-07-2018, 05:18 PM
  4. No Deal Left Behind
    By jason_avps in forum Payment Processing
    Replies: 0
    Last Post: 08-22-2017, 01:21 PM
  5. 16 points commission 2 days left!
    By PDM Cap in forum Promotions
    Replies: 0
    Last Post: 06-28-2017, 05:09 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY