Auto Sales - 2mill monthly
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  1. #1

    Auto Sales - 2mill monthly

    low 700 fico 7 years tib. 2mill per month. Looking for a home if anyone still does auto sales.

  2. #2
    Senior Member Reputation points: 10476
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    Quote Originally Posted by dskg1982 View Post
    low 700 fico 7 years tib. 2mill per month. Looking for a home if anyone still does auto sales.
    I still do auto sales but need tax returns on submissions along with the last 4 months of statements and mtd. They may deposit 2 million a month but they actual revenue is probably more around 400-500k a month after the cost of the cars and that is what we have to go off of. We cap at months but if we are a first position we do a true add on where we will just add the new balance to the back of the old and keep the payment the same and extend the term out kind of like a line of credit in a way.


    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872

  3. #3
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    Id be all over this one feel free to reach out he'd be better off with a more traditional lending product.
    Midwestern Financial Solutions
    CEO
    Office - (954) 694-6402
    email- Info@midwesternfinancialsolutions.com
    MidwesternFinancialSolutions.com
    Where your box ends ours begins.
    https://www.linkedin.com/company/mid...ial-solutions/
    linkedin.com/in/brandon-cooper-426615267

  4. #4
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    Is there real estate attached? What is the Use of Proceeds? I can think of some stuff for you. Traditional to MCA.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  5. #5
    Senior Member Reputation points: 16767 fundinggrasshopper's Avatar
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    Greenbox if the true monthly revenue is consistent & they really are > 7 years tib & 700+ fico

  6. #6
    We fund Auto, Trucking , Construction but need at least 250k in gross monthly revenue for these SIC. Otherwise just 35k for all other SICs.

    David Levin
    29 West 36th St
    New York, NY 10018
    Direct 516-444-6141
    Email dlevin@appfundingbeta.com

    www.appfundingbeta.com
    BETTER BUSINESS BUREAU® Accredited

  7. #7
    I can take a look. send it over. Louis@finpointfunding.com

    Louis Stern
    ISO Relations, Finpoint Funding

    C. (646)348-4197 | Louis@finpointfunding.com
    finpointfunding.com

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