Equipment Financing 2nd Position needed for 3-location car repair
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  1. #1
    Senior Member Reputation points: 1393
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    Equipment Financing 2nd Position needed for 3-location car repair

    Merchant recently obtained equipment financing and is looking for an additional $200-$300K.

    Without going into all the details, just looking for strong equip. financiers here who can get the job done.

    Merchant is A paper on track for $4M.

  2. #2
    Senior Member Reputation points: 84403
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    Quote Originally Posted by Quickfunder View Post
    Merchant recently obtained equipment financing and is looking for an additional $200-$300K.

    Without going into all the details, just looking for strong equip. financiers here who can get the job done.

    Merchant is A paper on track for $4M.

    Since merchant is a solid credit risk, why would you try to secure MCA $$$?

    Better options are available or at least should be according to your post.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    I would love to compete on this file! andrew@arkcapitalfunding.com
    908-208-3593

  4. #4
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    I'm confused....he just got equipment financing and you want a 2nd position? Your post makes no sense. Let me try and clarify. Your merhant wants $200k - $300K in financing. He has A paper. How does current equipment financing have anything to do with this? You need help with someone who can explain business financing to you other than MCA.

    This merhant could probably qualify for a term loan - 5 years or a SBA loan - 10 years. Again there's no such thing as a 2nd position on equipment financing. We need to do some discovery to determine what is the need and for what do they qualify...

    Reach out and maybe I can ask some questions to point you in the right direction, because this doesn't seem to be the right course of action.
    Last edited by Olderguy; 01-07-2024 at 08:51 AM.
    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
    @quickfunder is this client looking for equipment financing or capital?

    I can help with equipment financing, send me a package naisha@hilfinancial.com

    Point of Contact: Naisha Hemphill
    Phone: 425-296-8273

    Website: hilfinancial.com
    H.I.L. Financial
    3724 Lake Washington Blvd NE
    Kirkland WA 98033

  6. #6
    I can do a loan on the equipment with terms. Let me know Charlie

  7. #7
    call me 9295912650

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