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04-04-2024, 12:14 PM #1
- Join Date
- Apr 2024
- Posts
- 6
Exotic Car Dealership in Florida 800k/mo Looking for LOC
Exotic Car Dealership in Florida 800k/mo Looking for LOC and would consider any kind of loan. 550k 10yr SBA loan pending; would consider a front of the SBA. Please DM me or comment and I will call you.
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04-04-2024, 12:18 PM #2
In front of the SBA will affect the DTI and could kill the deal. How's the margin? Being exotic might be good. Elon just hooked up with a fund that could probably do better than a SBA. Reach out to each of us. I have a LOC product too that might work.
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.
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04-04-2024, 12:22 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,501
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-04-2024, 02:15 PM #4
- Join Date
- Feb 2017
- Posts
- 3,455
An SBA might just cause more problems, unless he's flipping the cars quickly. Monthly payments are nice, but if he's on margin and he's going to max it out every month and he has to pay P&I payments and he will just never pay it down early...... If his credit is excellent, then take Hedley's advice. I/O payments.
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04-08-2024, 12:23 PM #5
- Join Date
- Feb 2024
- Posts
- 8
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04-08-2024, 06:55 PM #6
- Join Date
- Apr 2024
- Posts
- 6
700+
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04-08-2024, 06:56 PM #7
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