Lease Buyback Funders - Anyone?
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  1. #1

    Lease Buyback Funders - Anyone?

    Hello! I work with Ironwood Finance but would like some reccomendations on type of funders that do this?

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    I can do real estate much better and I have an equipment guy who can do lease purchase too
    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
    Okay. Thank you

  4. #4
    I just emailed you.

  5. #5
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Quote Originally Posted by Mexican Funding View Post
    I just emailed you.
    Got it.

    Need copies of purchase invoices on the equipment.

    And if any liens on the equipment.
    Last edited by Olderguy; 10-04-2023 at 06:50 PM.
    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.

  6. #6
    Good morning, New to the broker world, Have been doing accounting in an MCA funding company for years.

    Came across a file, a hotel business averaging about $150,000 in revenue in CA, He is looking for a term loan, him and his partner both have good credit, 680 and 720. Is this a file you would consider.

    Lets connect maybe we can build a long term partnership.

    thank you,
    Joshua Dror
    Cash Flow Financing LLC
    732-612-0320

  7. #7
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Sep 2021
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    Irvine, CA
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    Hi Joshua:

    As we discussed, get your client to complete a Schedule of Real Estate and also Fico score.

    Here's a link to that form:

    https://docs.google.com/spreadsheets...f=true&sd=true

    That will be easier and quicker than a term loan. And it's 1% a month interest only for 10 years. Then amortized 20. So 12% interest vs. 10.5% for SBA Term loan.
    Last edited by Olderguy; 10-05-2023 at 11:09 AM.
    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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