CA Used Car Dealer Consol
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  1. #1
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    CA Used Car Dealer Consol

    Can someone recommend a funder that would consider a CA Used Car consolidation? He has floor planning in place. Has 4 MCA's paid down to $125k from around $500K. Desperately wants to get out of all of these. I can't fund him on my term loan product due to the floor plan financing he has.

    Thanks
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  2. #2
    Try Loan mart but only problem is max is 50K

    · Asset secured term loan, with loan amounts from $5k-$50k (avg amount $7.5k) – currently, we use rolling collateral only (cars, trucks, rolling equipment)

    · Terms between 2-4 years with monthly payments

    · No minimum revenues / time in business / industry restrictions / FICO score (avg funded FICO is ~520)



    Quote Originally Posted by 1StopFunding View Post
    Can someone recommend a funder that would consider a CA Used Car consolidation? He has floor planning in place. Has 4 MCA's paid down to $125k from around $500K. Desperately wants to get out of all of these. I can't fund him on my term loan product due to the floor plan financing he has.

    Thanks

  3. #3
    Ill be able to fund this. Give me a call 636 627 9498

  4. #4
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    CA Used Car Dealer Consol

    Brandon are you a direct funder? I notice you post to everyone's thread that you can fund, then I see you asking questions about getting leads. Thanks but no thanks.
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

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