Equipment Loan
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  1. #1

    Equipment Loan

    Will anyone do an equipment loan for a first year business or a startup?

    Equipment is about 1.2M they can pay up to 50%

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Check with Tony:

    Tony Borchello
    First Financial
    (888) 211-2197
    mobile: (949) 800-5767
    tonyb@firstfinancialweb.com
    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.

  3. #3
    Senior Member Reputation points: 1755
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    yes! Ship it! This is my wheelhouse.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  4. #4
    Senior Member Reputation points: 16709
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    Quote Originally Posted by Richeyrich View Post
    Will anyone do an equipment loan for a first year business or a startup?

    Equipment is about 1.2M they can pay up to 50%
    Depends what type of equipment but you really should be looking for a lease on equipment

    bzuniga@Omegafund.com

  5. #5
    Senior Member Reputation points: 1755
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    Doesn't depend. It sounds like it is either OTR trucks or medical equipment.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  6. #6
    No, it is special use equipment for a company that does water extractions

  7. #7
    Balboa does Equipment Financing but not sure about their TIB requirements...

  8. #8
    Noob Reputation points: 10
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    TIB is important. Distressed credit or no TIB usually means a deposit. 3+ years and not alot of bullet holes in the credit, north of 580 it can get done.

  9. #9
    Contact me I'm interested, we're direct funders. 917-291-0586 or send the submission to Jay@pinnacleadvances.com
    Can get you an offer within the hour.

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