Equipment Loan
Need a Funder or Vendor? START HERE

Results 1 to 4 of 4
  1. #1

    Equipment Loan

    Hey I am looking for an equipment lender that doesn't require bank statements client does roughly 1.2 mill a year but it is up and down and not consistent (one month 150k next month 5 k.) He needs 100k for medical equipment

  2. #2
    Senior Member Reputation points: 86642 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,528

    Get 12 month banks and submit.
    Worst case, get a cosigner.

    My buddy Tony is pretty flexible.

    Tony Borchello
    Director of Commercial Lending
    Tony@financeitforward.com
    888-211-2192
    949-800-5767

    Maybe sale leaseback or an operating lease rather than a capital lease.
    Last edited by Olderguy; 10-01-2024 at 10:34 AM.
    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.

  3. #3
    Senior Member Reputation points: 248875
    Join Date
    Feb 2017
    Posts
    3,516

    Ask the vendor if they're working with any equipment lenders and if they're signed up with them. The vendors who are validated by the lenders can even get 100% financing. If the client has good business credit, and has done equipment loans in the past, some of their lenders will be able to help you. The challenge is, as a broker, trying to get a lender's name out of them without the vendor wanting to do the deal themselves.

  4. #4

Similar Threads

  1. Equipment Loan
    By Richeyrich in forum Deal Bin
    Replies: 3
    Last Post: 11-18-2023, 05:12 PM
  2. Equipment Loan
    By Richeyrich in forum Deal Bin
    Replies: 8
    Last Post: 10-23-2023, 01:05 PM
  3. Replies: 4
    Last Post: 04-11-2020, 11:56 PM
  4. Equipment Loan
    By fund$ in forum Deal Bin
    Replies: 7
    Last Post: 08-09-2019, 09:29 PM
  5. Inventory and Equipment Loan
    By stefmarr in forum All Other Lending
    Replies: 1
    Last Post: 01-18-2018, 09:55 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

Numerated partners with Alloy
NMEF sets new origination record
Britecap Financial welcomes Jim Noel


DIRECTORY