[AMERICApital1]

I have a file doing used auto and auto repair (all on same bank, not seperate)

200k/mo 700 FICO. 1st position. I know pearl will give me an offer but it will be a 1.45 and this merchant will not take that. Are there any A or B paper funders doing used auto?

[MCA-VET]

Following closely as I'm asked this question 2-6 times per day.

[Seth Davis]

Not that I am aware of, only lenders I know doing used auto is Pearl and LCF

[Olderguy]

I submitted an used car dealer to SmartBiz but got denied due to margins and debt. They did underwrite it.

[AMERICApital1]

Marcus don't you guys do used auto though? I could send it your way I am signed up with you.

[Ericr123]

Try Wellen & Greenbox

[AMERICApital1]

Not that I am aware of, only lenders I know doing used auto is Pearl and LCF

I actually sent this file to pearl and they declined it as they are no longer funding used auto.

[AMERICApital1]

Never heard of welled. Greenbox requires 7 years TIB and this merchant has 2

[thorn89]

Closed a nearly identical file to this one today. Sent you a message

[kpeng]

Not only is auto sales wildly unpredictable, but the auto sales industry as a whole is slowing down significantly while facing rising interest rates and low inventory. No A/B paper in their right mind would take this on.

[ADVENTUREFUNDINGROUP]

we would take a look at this.

------------------------------------------------------------------------------------------------------------------
ADVANCE: $5,000- 500k (note we do take our time with offers beyond $100,000)
Buy rate: B paper 1.35-1.38/ C paper 1.37-1.40/ D paper 1.40 MAX UPSELL 1.50
Term: B paper 80-125 days/ C paper 45-100 days/ D paper up to 80 days(mainly for higher rev files)
Defaults? On C- And below with payment history! And satisfied
Restricted Industry/ Trucking/ Micro construction, legal firms, financial services, house flippers.
Restricted states/ CA/VA/UT/OH/NC
-----------------------------------------------------------------------------------------------------------------

[Seth Davis]

RIP so yeah just LCF and I think it needs to be 100k rev min

[MCA-VET]

Marcus don't you guys do used auto though? I could send it your way I am signed up with you.

We did at first -- without getting into details ... I fully understand why so few funders fund them. but i doubled down on construction and farming!

[AMERICApital1]

RIP so yeah just LCF and I think it needs to be 100k rev min

Do you have a contact at lcf? I tried to sign up via their website yesterday and no response yet.

[Seth Davis]

I just have an underwriter's contact from emails, I'm sure someone probably has one for you

[abfunders]

LCF isn't accepting new ISOs right now

[Business2122]

I have a file doing used auto and auto repair (all on same bank, not seperate)

200k/mo 700 FICO. 1st position. I know pearl will give me an offer but it will be a 1.45 and this merchant will not take that. Are there any A or B paper funders doing used auto?

I’ll take it on, what’s the ask amount? Email if interested

[closer129]

I have a file doing used auto and auto repair (all on same bank, not seperate)

200k/mo 700 FICO. 1st position. I know pearl will give me an offer but it will be a 1.45 and this merchant will not take that. Are there any A or B paper funders doing used auto?

If you have not funded this yet i fund car dealers. I funded one last week for the first time and a renewal a couple weeks ago. We need tax returns on submissions due to super high cost of goods.

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