Exotic Car Dealership in Florida 800k/mo Looking for LOC
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  1. #1

    Post 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.

  2. #2
    Senior Member Reputation points: 68639 Olderguy's Avatar
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    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

    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.

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    Quote Originally Posted by KevinFundingLeads View Post
    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.
    Call Ocean Bank in Miami.
    Hedley Lamarr......That's Hedley

  4. #4
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    Quote Originally Posted by KevinFundingLeads View Post
    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.
    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.

  5. #5
    Quote Originally Posted by KevinFundingLeads View Post
    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.
    What's his fico?

  6. #6

  7. #7
    Quote Originally Posted by FyncapSubs View Post
    What's his fico?
    720+

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