What lenders fund used or new car dealerships?
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  1. #1

    What lenders fund used or new car dealerships?

    Does any A paper or B paper lenders fund this specific industry?

  2. #2
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    Quote Originally Posted by AGuyWhoFunds View Post
    Does any A paper or B paper lenders fund this specific industry?
    I do as long as we get recent tax returns on submission to figure out the true revenue after the really high cost of goods. We cap terms at 6 maybe 7 months. Our first position renwals are a true add on on that works a little like a line of credit in a way.


    Scott Platto
    Scott@tmrnow.com
    tmrnow.com
    212-220-9872

  3. #3
    We can for minimum 300k in revenue monthly

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    Greenbox i assume is still funding used auto dealerships

  5. #5
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    Quote Originally Posted by Honest_Funder23 View Post
    Greenbox i assume is still funding used auto dealerships
    yes but they are conservative with approvals.

  6. #6
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    We consider them if they have a repair facility attached. Has to be a credit card sales based deal.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  7. #7
    Senior Member Reputation points: 4936 HFS's Avatar
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    central advance did 2 in the 3 months

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    Quote Originally Posted by AGuyWhoFunds View Post
    Does any A paper or B paper lenders fund this specific industry?
    I have funded a dealership with wellen in the past

  9. #9
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    Wellen is mostly not funding used auto these days - too much pressure on that industry right now.

  10. #10
    Senior Member Reputation points: 16767 fundinggrasshopper's Avatar
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    Quote Originally Posted by HFS View Post
    central advance did 2 in the 3 months
    Who?

  11. #11
    Quote Originally Posted by fundinggrasshopper View Post
    Who?
    LOL who is right! For a clean file, I got a very aggressive offer from Wall Funding. I would recommend working with them on tough industries.

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