[freeprocessing]

I am looking for an equipment financing company. Direct, not a superbroker. I am looking for a company that has good communication. Any recommendations are greatly appreciated. Thanks in advance.

[abfunders]

I am looking for an equipment financing company. Direct, not a superbroker. I am looking for a company that has good communication. Any recommendations are greatly appreciated. Thanks in advance.

That's actually worse than saying "I'm looking for a direct MCA funder."
What type of equipment? FICO? TIB? Is the request for $50k or for $5mm? Is it high-risk, or are there other assets?
Are you going to be upset if the lender can't do it in-house and brokers it out, because a lot of them do?
Are you going to do a lot of volume or onesy-twosy? Will you allow the lender to do a background check on you to onboard you?
There aren't many "catch all" equipment lenders, and many of them require volume to stay active, and they have their funding range.
If the lender only pays 1 point, do you know how to charge other points without getting in trouble?

I'm NOT soliciting your equipment deals, nor do I want to do them, I'm just trying to give you some direction.

[CornerStoneFunding]

I am looking for an equipment financing company. Direct, not a superbroker. I am looking for a company that has good communication. Any recommendations are greatly appreciated. Thanks in advance.

We do equipment financing. Reach out for more info on our programs

[freeprocessing]

That's actually worse than saying "I'm looking for a direct MCA funder."
What type of equipment? FICO? TIB? Is the request for $50k or for $5mm? Is it high-risk, or are there other assets?
Are you going to be upset if the lender can't do it in-house and brokers it out, because a lot of them do?
Are you going to do a lot of volume or onesy-twosy? Will you allow the lender to do a background check on you to onboard you?
There aren't many "catch all" equipment lenders, and many of them require volume to stay active, and they have their funding range.
If the lender only pays 1 point, do you know how to charge other points without getting in trouble?

I'm NOT soliciting your equipment deals, nor do I want to do them, I'm just trying to give you some direction.

What would the direction be?

Don't have volume. It would be mostly cash advance clients, sometimes with positions and sometimes without. Would be mostly under 500k. Background check is ok. Don't know how to charge without it being an issue.

[freeprocessing]

We do equipment financing. Reach out for more info on our programs

I appreciate it! I am looking for a company that does not offer cash advance.

[Olderguy]

Here are some references to lenders:

Tony is a superbroker - he can get deals done that most lender's can't - has no maximum and also can do cannabis.

Tony Borchello
First Financial
(888) 211-2197
mobile: (949) 800-5767
tonyb@firstfinancialweb.com

Evan Sowa
Senior Account & Finance Manager
Everlasting Capital Corporations
603-351-4725 | 401-771-4883
evan@everlastingcapital.com

Jeff Brannon
Slim Capital
jeff@slimcapital.com
Office: 949-535-2353
Cell: 949-981-0431

Joe Burleson
Equify Financial LLC- Southeast
777 Main St. Suite 3900, Ft Worth, Tx 76102
|C214-673-8575
joe.burleson@equifyllc.com

Hope that helps and is a start...

You'll need loan app, 3 months business bank statements, invoice on the equipment. If over $150,000 business tax return.

Keep in mind that purchases are registered as debt on the balance sheet. Sale leaseback are better for long term, and better financing. There are Operating leases and Capital leases.lpfil:

You might find this helpful

https://dailyfunder.com/showthread.p...er+credit+line

[ridextreme]

I am looking for an equipment financing company. Direct, not a superbroker.

Unfortunately you might not have a choice, as it's gonna be a lot harder to sign up as an equipment leasing ISO with no experience. There's also a lot more to do to get deals funded, including but not limited to title transfers and certificates of insurance.

[abfunders]

What would the direction be?

Don't have volume. It would be mostly cash advance clients, sometimes with positions and sometimes without. Would be mostly under 500k. Background check is ok. Don't know how to charge without it being an issue.

So the real question should be "I want to be direct" it's really "how can I get paid the most with the least hassle without getting messed over on the MCA deals I bring them"? In that case, I'd recommend superbrokering. Steve mentioned super-brokers. A lot of equipment lending is white-labeling bank money, and the amount of work involved is just obscene unless you really know what you're doing. These deals take a VERY long time to close as well, especially if it's a larger request.

IMHO? Try Slim (they're easy to work with and pretty direct, they pay 3 points), also try a few with an equipment super-broker, see what process you like. There are a LOT of super brokers out there in this space, and a lot of them pose as a real lender.

[OC Funder]

So the real question should be "I want to be direct" it's really "how can I get paid the most with the least hassle without getting messed over on the MCA deals I bring them"? In that case, I'd recommend superbrokering. Steve mentioned super-brokers. A lot of equipment lending is white-labeling bank money, and the amount of work involved is just obscene unless you really know what you're doing. These deals take a VERY long time to close as well, especially if it's a larger request.

IMHO? Try Slim (they're easy to work with and pretty direct, they pay 3 points), also try a few with an equipment super-broker, see what process you like. There are a LOT of super brokers out there in this space, and a lot of them pose as a real lender.

I second superbrokering if you are inexperienced in equipment leasing and want to do it long term. There are lots of companies that offer great rates and you can upsell 15-20 points, but won't sign you up because frankly they don't like MCA brokers. By working with a super broker who can show you how to price leases vs loans, handle the increased documentation requirements, speak the lingo, etc, you can build a track record and then go to the prime providers in a year or so. The direct companies I know of that onboard MCA brokers (Slim, Maxim, etc) won't pay you that much better than a good super broker and won't give you as expansive an offering.

[freeprocessing]

So the real question should be "I want to be direct" it's really "how can I get paid the most with the least hassle without getting messed over on the MCA deals I bring them"? In that case, I'd recommend superbrokering. Steve mentioned super-brokers. A lot of equipment lending is white-labeling bank money, and the amount of work involved is just obscene unless you really know what you're doing. These deals take a VERY long time to close as well, especially if it's a larger request.

IMHO? Try Slim (they're easy to work with and pretty direct, they pay 3 points), also try a few with an equipment super-broker, see what process you like. There are a LOT of super brokers out there in this space, and a lot of them pose as a real lender.

Yes. I was going to add to my post but did not that I would not mind a super broker but I just don't want to be giving up half of the commission. Slim is direct or super broker? Who else would you recomment?

[freeprocessing]

Here are some references to lenders:

Tony is a superbroker - he can get deals done that most lender's can't - has no maximum and also can do cannabis.

Tony Borchello
First Financial
(888) 211-2197
mobile: (949) 800-5767
tonyb@firstfinancialweb.com

Evan Sowa
Senior Account & Finance Manager
Everlasting Capital Corporations
603-351-4725 | 401-771-4883
evan@everlastingcapital.com

Jeff Brannon
Slim Capital
jeff@slimcapital.com
Office: 949-535-2353
Cell: 949-981-0431

Joe Burleson
Equify Financial LLC- Southeast
777 Main St. Suite 3900, Ft Worth, Tx 76102
|C214-673-8575
joe.burleson@equifyllc.com

Hope that helps and is a start...

You'll need loan app, 3 months business bank statements, invoice on the equipment. If over $150,000 business tax return.

Keep in mind that purchases are registered as debt on the balance sheet. Sale leaseback are better for long term, and better financing. There are Operating leases and Capital leases.lpfil:

You might find this helpful

https://dailyfunder.com/showthread.p...er+credit+line

Thank you! I will read the thread as soon as i have a minute.

[abfunders]

Yes. I was going to add to my post but did not that I would not mind a super broker but I just don't want to be giving up half of the commission. Slim is direct or super broker? Who else would you recomment?

OC Funder said it well. Look to be more productive with your time and focus on the products that YOU know, rather than fumbling in the dark. You won't get paid anything if you don't close the deal, and as far as the time-energy trade-off, it's worth going through a larger co-broker who can pinpoint the deals easier. Slim pays 3, but there are some co-brokers who may end up paying more or even the same, and in my experience, for some reason these brokers are willing to go through a lot of effort to share 2 points.

[Olderguy]

You should be looking at the amount of time invested in a file vs. the return (commission) when funded and you will find that using a super broker will allow you to concentrate on easier, faster and more profitable MCA files.

[Yankeeman07]

I am looking for an equipment financing company. Direct, not a superbroker. I am looking for a company that has good communication. Any recommendations are greatly appreciated. Thanks in advance.

Your looking for a free referral?
Contacts and information is valuable data, what are you will to pay?
\

[Olderguy]

Your looking for a free referral?
Contacts and information is valuable data, what are you will to pay?
\

The check is in the mail...

[Ehenek]

Dude, do you know how to UW a file with equipment?! This is more complex than meets the eye. There are so many underline metrics to establish a relationship with the correct equipment lender.

[goatFunding]

Your looking for a free referral?
Contacts and information is valuable data, what are you will to pay?
\

shut up if you have nothing valuable to add to this conversation. Since when did we on this platform ...start charging people to make an intro to a lender? You live in some screwed up alternate universe.

[Yankeeman07]

The check is in the mail...

Good to know you are willing to pay the freight

These posts, from unknown people looking for free information. My suggestion, is pick up the phone and do some homework
since they want to "Deal Direct" That's what I have done and I'm assuming you have also.

[BR-Nightmare]

Good to know you are willing to pay the freight

These posts, from unknown people looking for free information. My suggestion, is pick up the phone and do some homework
since they want to "Deal Direct" That's what I have done and I'm assuming you have also.

See, here is where you messed up.


You should have told Steve to pay you with the Genie Virtual Prepaid Card.

Just sayin..

[Olderguy]

See, here is where you messed up.


You should have told Steve to pay you with the Genie Virtual Prepaid Card.

Just sayin..

I am installng a 900 (pay for call) number for all the broker calls I get...

Here's some more information on equipment financing:

Loans up to 7 years and rates 8% and up.

Amount of money requested...

Use of funds - equipment financing, working capital or each/both? Break it down.

Day cab, sleeper or what
Long haul, short haul or what?
How many truck current own
Type of products hauled
DOT number
Fico
Loan App
4 months business bank statements
Most recent business tax return

Do they require apportioned plate?
Are they Owner Operator or they have drivers?
If have drivers how many driver currently work with them?

If Owner Operator How many years of CDL/ Industry hauling experience?

Is PG a Homeowner or they are renting?

Have they financed or leased a truck before?
How is their current payment history? If required can we get loan reference from the other lender(s)?

Invoice on truck he wants to buy
Mileage on invoice.
year on invoice

NOTE: Over 500,000 miles and over 10 years old makes it a C-D financing.

For a private party equipment transaction we would need the following:

- Complete condition report (showing make, year, model, with current condition and mileage) - see attached
- Photos of the unit

Once unit is approved then we will request;
- Copy of title (front and back)
- Bill of Sale

[freeprocessing]

Your looking for a free referral?
Contacts and information is valuable data, what are you will to pay?
\

I wouldn't pay a penny for any of your useless referrals but I would pay any amount to get your unhelpful, non contributing self off this platform.