Auto Sales/700+ Fico/4 Yrs TIB/400k Monthly Rev
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  1. #1
    Senior Member Reputation points: 11887 KINGCASH's Avatar
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    Auto Sales/700+ Fico/4 Yrs TIB/400k Monthly Rev

    Trying to find a home for this
    Please reach out if interested

  2. #2
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    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

    Pearl
    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.

  3. #3
    Senior Member Reputation points: 10476
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    Quote Originally Posted by KINGCASH View Post
    Trying to find a home for this
    Please reach out if interested
    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

  4. #4
    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 pts
    Last edited by edram1180; 04-20-2023 at 10:59 AM.

  5. #5
    Banned Reputation points: 10
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    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/

  6. #6
    Member Reputation points: 424 American Choice Cap's Avatar
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    Nov 2022
    Location
    New York
    Posts
    50

    Quote Originally Posted by KINGCASH View Post
    Trying to find a home for this
    Please reach out if interested
    Any defaults? And Auto we will only fund 2nd to 4th. No first
    --
    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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