Results 1 to 11 of 11
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10-18-2023, 12:57 PM #1Member
Reputation points: 10
- Join Date
- Jun 2023
- Posts
- 7
What lender will fund an Auto Broker $140k/m rev with 10 negatives in September?
- Located in NJ
- TIB 1 year and 6 months
- 650 credit score
- No positions
- Over 50 deposits per month
Looking for $40k to buy a vehicle ASAP. Problem is that he had 10 negative days in September. I'm looking to work with a lender, no brokers.
June
$232k rev
105 deposits
2 negatives
July
$64k
53 deposits
0 negatives
August
$135k
102 deposits
4 negatives
September
$141k
50 deposits
10 negatives
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10-18-2023, 01:04 PM #2Senior Member
Reputation points: 72961
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,252
Give Tony a call:
Tony Borchello
Credit Manager
First Financial
4590 MacArthur Blvd, STE 500
Newport Beach, CA 92660
phone: (888) 211-2197 EXT:700
mobile: (949) 800-5767
tonyb@firstfinancialweb.comSteve 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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10-18-2023, 01:56 PM #3Member
Reputation points: 10
- Join Date
- Jun 2023
- Posts
- 7
He said they dont work with auto brokers
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10-18-2023, 01:57 PM #4Senior Member
Reputation points: 10476
- Join Date
- Nov 2019
- Posts
- 670
He is a car broker but he needs an mca to buy a car. That does not make sense why cant he get a loan with all the connections he has.
Originally Posted by Ihuntwhales
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10-18-2023, 02:15 PM #5Senior Member
Reputation points: 72961
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,252
Got it... Originally Posted by Ihuntwhales
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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10-18-2023, 03:52 PM #6Senior Member
Reputation points: 1755
- Join Date
- Oct 2022
- Posts
- 280
What is their gross profit margin?
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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10-18-2023, 04:19 PM #7Member
Reputation points: 10
- Join Date
- Jun 2023
- Posts
- 7
Its mainly for a car but he needs some additional working capital for other things.
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10-18-2023, 04:24 PM #8Member
Reputation points: 10
- Join Date
- Jun 2023
- Posts
- 7
40%
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10-23-2023, 12:50 PM #9Member
Reputation points: 10
- Join Date
- Oct 2023
- Posts
- 15
Contact me I'm interested, we're direct funders. 917-291-0586 or send the submission to Jay@pinnacleadvances.com
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10-23-2023, 04:10 PM #10Banned
Reputation points: 10
- Join Date
- Sep 2023
- Location
- MIAMI
- Posts
- 46
We wouldn't do 10 negatives, we will go up 7-8 negativesmax, if you have some thing like that i can take a look
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10-25-2023, 06:22 AM #11Member
Reputation points: 2847
- Join Date
- Dec 2021
- Posts
- 41
If he has that many negatives already...he will have more when he gets the mca
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