Results 1 to 6 of 6
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04-19-2023, 03:15 PM #1
Auto Sales/700+ Fico/4 Yrs TIB/400k Monthly Rev
Trying to find a home for this
Please reach out if interested
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04-19-2023, 03:49 PM #2
Do they have assets and financials (margins) and cash flow for a SBA loan?
Here's a list of previous people who have posted:
$300K a month
Lifetime Funding
516-494-4700
Frank@lifetimefundingllc.com
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872.
Ben K
Fratello Capital
Direct Funder
Underwriting@fratellocapital.com
www.fratellocapital.com
212-464-8108
PearlSteve 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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04-19-2023, 05:10 PM #3
- Join Date
- Nov 2019
- Posts
- 687
I do car sales but due to super high cost of goods We need tax returns on submissions. Based on all the car dealers I have received and funded they are usually at a 25% profit margins after the cost of goods. So the 400 is more around 80-90k a month in actual revenue they have to cover all the other expenses that we have to go off of. We cap terms for that industry at 6 months. But we can renew every 3 months or so and add the new money to the back of the old and keep the payment the same. That way it becomes kind of like a lline of credit.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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04-20-2023, 10:56 AM #4
- Join Date
- Mar 2018
- Posts
- 13
We have options at Priority Capital if he is looking for an MCA. Let me know if you are still looking 339-293-4551, eramirez@prioritycapital.com
I just got a used car dealer doing about $250k/mo the following terms $90k, 10 months, weekly, 1.29 sell paying 4 ptsLast edited by edram1180; 04-20-2023 at 10:59 AM.
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04-21-2023, 03:01 PM #5
- Join Date
- Mar 2023
- Posts
- 18
For clients like this with over 700 credit if they do not want an MCA product and traditional business term loans and loc's are unavailable (such as is with auto sales clients), this program may help. Funding amounts usually total from 150K-250K
Read about our 700+ Hybrid Funding Program in the link below. It is a combination of local bank and credit union personal term loans and business credit cards (most with a 0% intro rate from 6 months to 18 months).
700+ HYBRID FUNDING PROGRAM
ISO PARTNER INFORMATION
Dan R.
CEO
Biz Loans Inc.
(610) BIZ LOAN
(302) 397-3777
dan@bizloansinc.com
https://bizloansinc.com/
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04-21-2023, 03:43 PM #6--
Zohar Avshalom
263 Tresser Blvd, 9th Floor, Stamford, CT 06901
ISO Relations
American Choice Capital
917-267-9182
Zohar@americanchoicecapital.com
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