USED AUTO SALES/ AUTO REPAIR 5MM per month 800 Credit 15 Years
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  1. #1

    USED AUTO SALES/ AUTO REPAIR 5MM per month 800 Credit 15 Years

    Auto sales and auto repair under the same roof. Having a hard time getting a good rate because of the auto sales. Looking for 250-500k. Competing with 11 months/1.26 sell

  2. #2
    1st position file, the 11 months offer is from a different broker.

  3. #3
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    Quote Originally Posted by Loading View Post
    Auto sales and auto repair under the same roof. Having a hard time getting a good rate because of the auto sales. Looking for 250-500k. Competing with 11 months/1.26 sell
    With a 800 FICO - TB - 15 years, why are you even considering a MCA product.

    If those numbers are accurate, a Term Loan Product would be a better option.
    Last edited by Yankeeman07; 07-18-2023 at 10:46 AM.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    When I got a hold of him he was already sold on MCA and was ready to move forward with the best offer on the table. I was hoping that I could put something better on the table right away. What is the fastest term loan option available?
    Last edited by Loading; 07-17-2023 at 09:34 PM.

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    Exclamation

    Quote Originally Posted by Loading View Post
    When I got a hold of him he was already sold on MCA and was ready to move forward with the best offer on the table. I was hoping that I could put something better on the table right away. What is the fastest term loan option available?
    Term Loans have been closed within 14 business days; all depends on the business owner providing documentation.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  6. #6
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    So take the least amount of money that will last the merchant 30 days and then move them into a term loan or SBA 7A assuming their tax returns and P & L qualify. The margin and cash flow will be the issue.
    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.

  7. #7
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    Quote Originally Posted by Loading View Post
    1st position file, the 11 months offer is from a different broker.
    What lender is offering him that?

    I think you've lost this one man. Might be Greenbox.

  8. #8
    Senior Member Reputation points: 124096 BR-Nightmare's Avatar
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    If I had a dollar for any new thread that asked for funders that do car dealers, trucking, or personal bank statements..... Id probably have enough to fund micro deals
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  9. #9
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    Quote Originally Posted by BR-Nightmare View Post
    If I had a dollar for any new thread that asked for funders that do car dealers, trucking, or personal bank statements..... Id probably have enough to fund micro deals
    But Hillary's emails....
    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.

  10. #10
    Senior Member Reputation points: 124096 BR-Nightmare's Avatar
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    Quote Originally Posted by Olderguy View Post
    But Hillary's emails....
    Were you BCC'ed on them or something?
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  11. #11
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    Quote Originally Posted by BR-Nightmare View Post
    Were you BCC'ed on them or something?
    Stumbled on them looking for Hunter Biden's laptop.
    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.

  12. #12
    Senior Member Reputation points: 124096 BR-Nightmare's Avatar
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    Quote Originally Posted by Olderguy View Post
    Stumbled on them looking for Hunter Biden's laptop.
    Hope you find it bro.

    Aint got nothing to do with me, Dem jabs not needed when I'm NPA and think both sides suck.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  13. #13
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    It's meant to be humor, not politics, to break up the sometimes self-absorbed seriousness that pops up on the site.
    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.

  14. #14
    Senior Member Reputation points: 124096 BR-Nightmare's Avatar
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    Quote Originally Posted by Olderguy View Post
    It's meant to be humor, not politics, to break up the sometimes self-absorbed seriousness that pops up on the site.
    Ah, understood.

    My bad Steve
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  15. #15
    Quote Originally Posted by Loading View Post
    Auto sales and auto repair under the same roof. Having a hard time getting a good rate because of the auto sales. Looking for 250-500k. Competing with 11 months/1.26 sell
    take a 40 day deal at a 1.19 with bow apple and get him a term loan 929-400-1360 call me or text I got someone that can help you

  16. #16
    Hello, I can help you with this one.
    Feel free to send me a message at erika@clarityadvance.com

  17. #17
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    Try 700+ Hybrid Funding

    Quote Originally Posted by Loading View Post
    Auto sales and auto repair under the same roof. Having a hard time getting a good rate because of the auto sales. Looking for 250-500k. Competing with 11 months/1.26 sell
    With that type of credit profile you may want to pitch a program like 700+ Hybrid Funding. That is a combination of personal loans, personal lines of credit and 0% intro rate business credit cards. Unfortunately for auto sales it is difficult to get business term loans and business lines of credit as auto dealers usually have floor plans where their inventory is already collateralized.

    Read about 700+ Hybrid Funding here: https://bizloansinc.com/700-hybrid-funding-program/

    Reach out for an ISO Agreement if interested.

    Dan Raymond
    Biz Loans Inc
    E-mail:
    dan@bizloansinc.com
    Office Number:
    (610) BIZ LOAN
    (610) 249-5626
    Direct Number:
    (302) 397-3777
    Address:
    300 Delaware Ave
    Suite 210
    Wilmington, DE 19801

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