Asset based?
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  1. 12-08-2023, 04:03 PM #1
    FunderFunding
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    Asset based?

    I have a client that is looking to buy a dump truck from another construction company but needs the 30K. He is willing to do an asset backed loan using some of his other vehicles. Anyone know anybody that can do this?
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  2. 12-08-2023, 04:41 PM #2
    Olderguy
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    Yeah...Tony can get cash out in a week.

    Tony Borchello
    Director of Commercial Lending
    Tony@financeitforward.com
    888-211-2192
    949-800-5767

    You will need loan app, 4 months bank statements, pictures of VIN, pictures of trucks, pink slips, condition report.

    https://drive.google.com/file/d/1FgF...ew?usp=sharing
    Last edited by Olderguy; 12-08-2023 at 04:44 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.
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  3. 12-08-2023, 10:20 PM #3
    Ehenek
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    This isnt Asset Backed. You can simply use the other equipment as collateral OR you can take the other equipment and execute the sale-lease back.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086
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  4. 12-12-2023, 12:33 PM #4
    Business2122
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    Anyone here collateralize fixed income?
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