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10-01-2024, 11:58 AM #1
Reputation points: 18
- Join Date
- Jun 2023
- Posts
- 22
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
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10-01-2024, 12:05 PM #2
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 12:34 PM.
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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10-01-2024, 04:28 PM #3
Reputation points: 278725
- Join Date
- Feb 2017
- Posts
- 3,654
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.
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10-02-2024, 03:17 PM #4
Reputation points: 10
- Join Date
- Aug 2024
- Posts
- 4
PM me
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01-07-2025, 11:22 AM #5
Reputation points: 10
- Join Date
- Dec 2021
- Posts
- 3
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01-08-2025, 05:03 PM #6
Reputation points: 10
- Join Date
- Nov 2024
- Location
- Massachusetts
- Posts
- 11
Good afternoon, we are a direct equipment lender and do require bank statements but if there is a good reason why the balances are so up and down each month we will still consider it. Feel free to message me and I can go over any questions you have.
Ed Ramirez
Universal Finance
781-577-0552
www.universalfinco.com
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