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02-13-2023, 05:03 PM #1Senior Member
Reputation points: 24
- Join Date
- Jan 2019
- Posts
- 117
term loans
Does anyone know who can provide term loans or lines of credit to a california car dealer who also has an auto rental business? He's got one now with Kabbage at an insane monthly rate.
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02-13-2023, 05:38 PM #2Member
Reputation points: 10
- Join Date
- Mar 2016
- Posts
- 83
Sent you a pm.
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02-13-2023, 07:51 PM #3Senior Member
Reputation points: 72961
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,270
According to the SBA 7(a) Loan Program Guidelines, car dealerships can qualify for funding as long as their net worth is under $8.5 million and their net income averages less than $3 million. Reach out for help if you need it. I've done plenty of these. I have a relationship with the Managing Director of the largest non-bank SBA lender in the US.
Last edited by Olderguy; 02-13-2023 at 07:54 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.
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02-22-2023, 12:09 PM #4Member
Reputation points: 10
- Join Date
- Aug 2021
- Posts
- 69
We specialize in unsecured terms loans and business lines of credit. Please give me a call when you get a chance. 815-878-0244
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