Loan on rental car fleet
Need a Funder or Vendor? START HERE

Results 1 to 3 of 3
  1. #1

    Loan on rental car fleet

    My company purchased a fleet of 40 Teslas in December for $1.6 million in cash. We're currently operating as a ride share in Phoenix.

    I'm looking to obtain a loan of at least $1 million and ideally up to 80% of purchase price. I'm open to discussing structure and repayment terms. I've talked to banks but this doesn't really fit anyone's lending criteria so far so asking here in the hopes of find the right person to help.

    No debt on company and the guarantor has substantial net worth. Cash out is for other investment purposes.

  2. #2
    Senior Member Reputation points: 68639 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,161

    I am doing a similar deal right now and the banks won't want to do it. I have my guy looking at a bank referral from Mitsubishi bank that might....it's a $20M deal.

    Reach out to me with financials and summary and I'll have my guy look at it.
    Steve Benjamin
    Professional Business Loans

    1012 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.

  3. #3
    Senior Member Reputation points: 1755
    Join Date
    Oct 2022
    Posts
    266

    I have experience with similar industry/vertical. I would like to discuss in detail and see if I can help you.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

Similar Threads

  1. Replies: 0
    Last Post: 06-14-2022, 04:59 PM
  2. Rental loan portfolio lender needed! $500k loan amounts
    By emeraldmoneygroup in forum Deal Bin
    Replies: 2
    Last Post: 11-25-2020, 08:53 AM
  3. 18 rental homes blanket equity loan
    By Davincinc in forum Deal Bin
    Replies: 0
    Last Post: 08-30-2017, 03:03 PM
  4. Exotic Car Rental ACH Loan
    By stevefis in forum Business Loans
    Replies: 6
    Last Post: 12-22-2015, 02:42 PM
  5. Replies: 2
    Last Post: 05-05-2015, 04:36 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Credibly secures third securitization
Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs


DIRECTORY