Need Funding for Used Car Dealership
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  1. #1
    Senior Member Reputation points: 1018
    Join Date
    Oct 2012
    Posts
    142

    Need Funding for Used Car Dealership

    This used car dealership does 9 million per their 2012 & 2013 tax returns. Need more than Quick Bridge would offer. No collateral offered.

  2. #2
    As long as the client is willing to go through the ringer (2 weeks or so and a lot more docs than you and I usually need) I have a lender that can get this done.

    How much is the client looking for?

  3. #3
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    If they have no collateral it means they have a flooring plan in place.. The lenders the member above is referring to will likely not want to fund someone with a UCC 1 in place. If the dealership has not pledged all of his collateral there are ways to assist, sans that an aggressive funder seeking sub prime paper will step up to the plate..

  4. #4

    Need Funding for Used Car Dealership

    Hello, If you still need assistance please reach out. I would love to discuss this with you. Edreselly@wbl.com or 860-692-4636!
    Erin Dreselly

    World Business Lenders
    81 Market Sq., Suite 7
    Newington, CT 06111

    Direct: 860-549-2419
    Cell: 860-692-4636
    Fax: 860-499-5413
    Email: edreselly@wbl.com
    Web: www.wbl.com

  5. #5
    Senior Member Reputation points: 49940
    Join Date
    Aug 2014
    Posts
    620

    How much is he looking for? give me a call to discuss, 516-282-0933.

    Anthony

  6. #6
    Senior Member Reputation points: 5016 @jeannette's Avatar
    Join Date
    Dec 2012
    Location
    Buford, GA
    Posts
    280

    Retail Capital is currently funding Car Dealerships. Min 40K in monthly deposits, and you probably will not see an offer over 6 months, but we are considering them again.
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  7. #7
    Member Reputation points: 10
    Join Date
    Dec 2014
    Location
    Long Beach, California, United States
    Posts
    26

    I got a used dealership approved for 100k first and 75k second.

    I'm in the office and willing to talk with you about it.
    Mullti Vision Financial
    Elisa Blackmon
    Financial Capital Advisor
    D: 562-513-1963 E: Elisa@MVFLoans.com
    F: 562-590-9393 F2: 858-810-0288
    Office: 888-598-9951
    MVFLoans A+ BBB Rating

    **ask about our referral program**

  8. #8
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
    Join Date
    Oct 2014
    Location
    New York
    Posts
    385

    Need Funding for Used Car Dealership

    Call me 718 316 3323 or email me at allen@trustcapitalfunding.com I'll get it done for ya
    Eagle Funding Group
    Phone: (646) 793-6809
    Email: info@eaglefundinggroup.net
    Web: www.eaglefundinggroup.net

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