[fintechlooker]

We have been on hunt for direct funders who may be able to fund 4th position or higher for equipment.

Even though average monthly Revenue is at $200,000 there is already about $300,000 out standing balance on other equipment loans. Currently free cash flow look to be about $50K, so seems like it should support equipment loans with collateral. Also, can put 20% down on equipment.

Preferably looking for direct lender that emphasize equipment collateral help with underwriting.

Anyone got any suggestions? Thanks

[Olderguy]

Equpment isn't 4th position loan. It is a loan collateralizing the equipment. ABL - asset bsed lending...It isn't a MCA loan. It is usually a lease with a $1 purchase at the end of the lease. Most are 4 years to 7 year terms. Send me a loan app, bank statements and an invoice on the equipment. I also need the Fico. I've done 100% financing on client with 580 Fico.

[Yankeeman07]

We have been on hunt for direct funders who may be able to fund 4th position or higher for equipment.

Even though average monthly Revenue is at $200,000 there is already about $300,000 out standing balance on other equipment loans. Currently free cash flow look to be about $50K, so seems like it should support equipment loans with collateral. Also, can put 20% down on equipment.

Preferably looking for direct lender that emphasize equipment collateral help with underwriting.

Anyone got any suggestions? Thanks

This company has 3 MCA's and wants to purchase additional equipment?

[Ehenek]

I would simply see if they qualified for the SBA7a and use the funds for debt refinance and purchase of equipment. I might even be able to help you with a traditional term loan product. If you are interested reach out to me Elon Henek 1-516-236-4086.