Results 1 to 10 of 10
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10-27-2023, 01:29 PM #1
who funds new or used Car dealerships 1st pos and on?
Helping to keep the streak alive.
The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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10-27-2023, 01:52 PM #2
- Join Date
- Mar 2020
- Posts
- 133
Novo will fund this, and if it's B paper they will go out UP TO 45 days.
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10-27-2023, 02:07 PM #3
- Join Date
- Mar 2023
- Posts
- 11
And if they need additional funding the guys at Tip Top Capital will provide not 1 not 2 but 7 additional positions.
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10-27-2023, 02:10 PM #4
- Join Date
- Nov 2019
- Posts
- 692
As a funder it is hard giving out bigger dollar amounts over longer terms because of all the funders that are taking such a higher gross behind other positions at very short terms with high rates and funding fees. This puts the first position deal in more jeopardy of getting defaulted on with less cost and more to lose.
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10-27-2023, 02:11 PM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
AutoTrader foreclosed on their HQ. OffLease is liquidating. Defaults on consumer auto loans are at an all-time high. Do you like catching knives????
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-27-2023, 02:18 PM #6
- Join Date
- Mar 2020
- Posts
- 133
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10-27-2023, 02:23 PM #7
- Join Date
- Nov 2019
- Posts
- 692
Since these are typed messages you cannot tell if that was supposed to be sarcastic or not. I been in this industry for over 10 years and all these funders and brokers that came in and lying and over charging the merchants and lying to get deals done is what is destroying it on many levels.
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10-27-2023, 02:27 PM #8
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10-27-2023, 02:50 PM #9
- Join Date
- Mar 2020
- Posts
- 133
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10-27-2023, 03:03 PM #10Steve 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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