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12-08-2023, 04:03 PM #1
- Join Date
- Sep 2021
- Posts
- 190
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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12-08-2023, 04:41 PM #2
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=sharingLast 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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12-08-2023, 10:20 PM #3
- Join Date
- Oct 2022
- Posts
- 280
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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12-12-2023, 12:33 PM #4
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
Anyone here collateralize fixed income?
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