Used dealership new jersey looking for 2 nd @1.40-1.44 factor
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  1. #1

    Cool Used dealership new jersey looking for 2 nd @1.40-1.44 factor

    STEADY REVENUES, 8-9mm ANNUM
    HAS 1 ST MCA FOR 295,000, LOOKING FOR 200000 (SECOND POS) 18 MONTHS TERM
    EMAIL ME INFO@GREENDOTCAPITAL.COM OR CALL 6465521255
    GREAT BUSINESS CREDIT
    GOOD PERSONAL CREDIT
    HISTORY OF REPAYMENTS MORE THAN 6 MONTHS

  2. #2
    Senior Member Reputation points: 226388
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    Do they have a repair shop attached?

  3. #3
    Senior Member Reputation points: 1755
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    Do they have Real estate owned?
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  4. #4
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Quote Originally Posted by Ehenek View Post
    Do they have Real estate owned?
    That's probably not going to help...lender's don't want to do car dealers as comps are going to be difficult as well liquidity.
    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.

  5. #5
    Senior Member Reputation points: 226388
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    Quote Originally Posted by Olderguy View Post
    That's probably not going to help...lender's don't want to do car dealers as comps are going to be difficult as well liquidity.
    WBL would do a car dealership (I know from experience). If there's value there and not a big enough 1st.

  6. #6
    I would try Libertas or Wellen

  7. #7
    Senior Member Reputation points: 35668
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    Quote Originally Posted by Greendot View Post
    STEADY REVENUES, 8-9mm ANNUM
    HAS 1 ST MCA FOR 295,000, LOOKING FOR 200000 (SECOND POS) 18 MONTHS TERM
    EMAIL ME INFO@GREENDOTCAPITAL.COM OR CALL 6465521255
    GREAT BUSINESS CREDIT
    GOOD PERSONAL CREDIT
    HISTORY OF REPAYMENTS MORE THAN 6 MONTHS
    I dont know anyone that can do 18m as a 2nd except iou depending on what type of dealership it is. Can u provide more details? New branded used auto? What % is from a bodyshop?

  8. #8
    Senior Member Reputation points: 29542
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    Quote Originally Posted by Greendot View Post
    STEADY REVENUES, 8-9mm ANNUM
    HAS 1 ST MCA FOR 295,000, LOOKING FOR 200000 (SECOND POS) 18 MONTHS TERM
    EMAIL ME INFO@GREENDOTCAPITAL.COM OR CALL 6465521255
    GREAT BUSINESS CREDIT
    GOOD PERSONAL CREDIT
    HISTORY OF REPAYMENTS MORE THAN 6 MONTHS
    I have a bridge product where we can buy out first and net him far more than an advance would get him 20-30 month term. feel free to reach out to me directly.
    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

  9. #9
    We Fund auto sales.

    Requirements - Min 100k monthly revenue/Good balances

    Company - ZAM (Zahav Asset Management)

    Emails - deals@zahavassetmgmt.com / mperry@zahavassetmgmt.com

    Office - 516-464-1700

    Personal - 347-363-0412

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