Results 1 to 6 of 6
Threaded View
-
12-12-2023, 06:05 PM #2Senior Member
Reputation points: 72961
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,270
Yes, it's possible to set up a Master Credit Line for equipment financing but they pay on invoice so I don't know that will work with an auction. I am doing that for truckers I get SBA 7A loans.
From Tony:
Normally if auctioneer wants a pre-approval for their client to purchase equipment from Auction house there are no upfront fees. Same as vendor generated transactions as in those cases lender know the specific dollar amount they as seeking to finance and Master Credit line may not be necessary. Unless they ask for one
Tony Borchello
Director of Commercial Lending
Tony@financeitforward.com
888-211-2192
949-800-5767Last edited by Olderguy; 12-12-2023 at 07:34 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.
Reply With QuoteSimilar Threads
-
Utah Auction House
By michaelh in forum Deal BinReplies: 1Last Post: 04-07-2023, 05:15 AM -
Equipment Broker Platform Released! (CRM for both Equipment Finance & MCA Brokers)
By jfeinberg in forum Merchant Cash AdvanceReplies: 0Last Post: 01-21-2021, 09:04 AM -
LEASE BACK NEEDED - Equipment Finance Guys where are you at?
By PJLamar38 in forum All Other LendingReplies: 2Last Post: 09-09-2019, 09:02 AM -
Phoenix Funding and Finance is looking to partner up with you
By acalways321 in forum Merchant Cash AdvanceReplies: 38Last Post: 03-06-2019, 09:01 PM -
Equipment Finance Lender Needed
By seanedeska in forum Deal BinReplies: 2Last Post: 11-10-2017, 09:04 AM
