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07-17-2023, 07:40 PM #1
- Join Date
- Dec 2022
- Posts
- 68
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
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07-17-2023, 07:48 PM #2
- Join Date
- Dec 2022
- Posts
- 68
1st position file, the 11 months offer is from a different broker.
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07-17-2023, 09:24 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
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
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07-17-2023, 09:30 PM #4
- Join Date
- Dec 2022
- Posts
- 68
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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07-17-2023, 10:04 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
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
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07-17-2023, 10:19 PM #6
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.
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07-18-2023, 09:26 AM #7
- Join Date
- Aug 2018
- Posts
- 837
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07-18-2023, 09:51 AM #8
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
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07-18-2023, 10:27 AM #9Steve 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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07-18-2023, 10:30 AM #10
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07-18-2023, 10:33 AM #11Steve 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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07-18-2023, 10:40 AM #12
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07-18-2023, 10:54 AM #13
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.
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07-18-2023, 10:58 AM #14
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07-18-2023, 01:15 PM #15
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07-18-2023, 01:59 PM #16
- Join Date
- Apr 2023
- Posts
- 17
Hello, I can help you with this one.
Feel free to send me a message at erika@clarityadvance.com
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07-18-2023, 02:16 PM #17
- Join Date
- Mar 2023
- Posts
- 18
Try 700+ Hybrid Funding
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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