Equipment loan needed for tour buses
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  1. #1

    Equipment loan needed for tour buses

    I have a client who owns a transportation company that has been in business for several years and in 2021 generated in excess of $4MM and just under $5MM for 2022. The company is looking to purchase 6 tour buses that will add $2.6MM in revenues with business already committed. The cost of the buses is $5.8MM. The company is looking for 80% financing or, $4.64MM. Here comes the sticky part. The loan MUST be strictly based on the company financials and the company without factoring in the company owner's personal information. He will not sign a Personal Guarantee. He has 84 buses used for charters and has never had to sign a PG. The company will pass any credit check. If you can do this, let me know. No issues with providing tax returns provided they are sent to a direct lender.

    Let me know if you have any questions or think you can do this.

    Tom Harrier
    Integrity Commercial Loans
    broker@tomharrier.net
    407-928-8542

  2. #2
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    Quote Originally Posted by MissouriBroker1 View Post
    I have a client who owns a transportation company that has been in business for several years and in 2021 generated in excess of $4MM and just under $5MM for 2022. The company is looking to purchase 6 tour buses that will add $2.6MM in revenues with business already committed. The cost of the buses is $5.8MM. The company is looking for 80% financing or, $4.64MM. Here comes the sticky part. The loan MUST be strictly based on the company financials and the company without factoring in the company owner's personal information. He will not sign a Personal Guarantee. He has 84 buses used for charters and has never had to sign a PG. The company will pass any credit check. If you can do this, let me know. No issues with providing tax returns provided they are sent to a direct lender.

    Let me know if you have any questions or think you can do this.

    Tom Harrier
    Integrity Commercial Loans
    broker@tomharrier.net
    407-928-8542
    Are they structured as a "C" Corp?
    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

  3. #3
    Senior Member Reputation points: 67918 Olderguy's Avatar
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    Reach out to Tony...if anyone can figure a way he can...

    Tony Borchello
    General Manager
    Finance It Forward
    phone: (888) 211-2192
    tony@financeitforward.com
    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.

  4. #4
    Yes, it is a "C" Corp.

  5. #5
    Thank you, Steve. I will give him a call tomorrow.

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