Results 1 to 11 of 11
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05-08-2023, 02:32 PM #1
- Join Date
- Oct 2012
- Posts
- 360
Used cars
is there a definitive guide on lenders who do this sic ...
have 5 million a month used car dealer
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05-08-2023, 02:50 PM #2
- Join Date
- Nov 2019
- Posts
- 691
I will fund a used car dealer, I will need tax returns on submission due to really high cost of the cars. He may deposit 5 million a month but after the cost of the cars he might only be doing around a million or so a month and that is what we have to use as the true revenue. Company guidelines cap at 6 month terms to start with but we can renew them every 3 months or so like a line of credit where we will just extend the term out and the merchant does not pay for the new money until the old balance is finished.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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05-08-2023, 03:14 PM #3
- Join Date
- Oct 2012
- Posts
- 360
..
Last edited by shieldfunding; 05-08-2023 at 03:17 PM.
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05-08-2023, 03:16 PM #4
- Join Date
- Nov 2019
- Posts
- 691
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05-08-2023, 03:31 PM #5
- Join Date
- Oct 2012
- Posts
- 360
no mistake
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05-08-2023, 04:36 PM #6
What do they need....that dollar volume is outside the people on this site.
Email me a package and use of proceeds.Last edited by Olderguy; 05-08-2023 at 04:40 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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05-08-2023, 05:40 PM #7
- Join Date
- Oct 2012
- Posts
- 360
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05-08-2023, 08:13 PM #8
Last edited by Olderguy; 05-09-2023 at 01:25 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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05-09-2023, 10:13 AM #9
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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05-09-2023, 10:17 AM #10
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05-09-2023, 04:19 PM #11
- Join Date
- Oct 2012
- Posts
- 360
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