Need Start Up Lender for Equipment Finance
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  1. #1

    Need Start Up Lender for Equipment Finance

    740 across all 3 bureaus
    Vertical Farm Business
    No revenue - start up 3 months old
    Owner has a different entity with good income flowing in
    Not alot of borrowing history

    Need financing as soon as possible. Anyone know of any lenders for this niche?

  2. #2
    Senior Member Reputation points: 332184
    Join Date
    Feb 2017
    Posts
    3,894

    For a startup, try Slim if he's a homeowner and needs up to $50k. However, if the other entity is 2 years+, then they can probably cross-collateralize it.

  3. #3
    I’ve got a few funding partners that can work with startup vertical farm projects, especially when the guarantor credit is strong (740 is excellent) and there’s other entity income to support the new venture.
    We can look at equipment-backed financing options and also some working capital lenders that don’t require long time-in-business. If you’d like, I can walk you through which structures would make the most sense for your setup.
    Shoot me a message and we’ll get you pointed in the right direction.
    – Reggie | Loan Father/[email protected]

  4. #4
    Startups in farming are tough for traditional banks since they want 2+ years of financials. You might have better luck with local credit unions or farm credit associations, they sometimes look at personal income and collateral more than revenue history

  5. #5
    What are they looking to finance and for how much?

  6. #6
    Go here:

    https://southendcapital.com/?rp=RP023081

    ISO Rep
    Pacific Ocean Group
    Phone #786-600-7675
    Email: [email protected]

  7. #7
    We'd be a great fit if you're still shopping!
    Benjamin Castillo
    Funding Specialist
    224-548-0700
    [email protected]
    Preferred Funding Group
    109 W Main St, West Dundee, IL 60118
    https://preferredfundinggroup.com

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