Results 1 to 7 of 7
-
04-20-2015, 12:40 PM #1
- Join Date
- Apr 2015
- Posts
- 12
Who else does collateralized loans other than WBL??
Have a merchant looking for a collateralized loan but has a balance with WBL already. What other company does this besides WBL?!
-
04-20-2015, 01:24 PM #2
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Did they try to use the "collateral" with WBL already and they declined? Did they not give what they want?
Why don't you go back to WBL? One thing I don't understand is when a company comes across a merchant with an existing position with a lender and they need more, there is always alternate ways to get them more capital if they qualify. Did WBL not secure the first collateralize position for you? If so, that's okay. I am not trying to be a cheerleader for them but, WHY? Finding qualified collateral is hard, if WBL already went through the process of UW the file and they need a 2nd collateralized position (even same company) they can do that.
PS the only reason why no one gives out other "collateralize" / "ABL" companies is because they don't want to be bothered with us. There are few that will, but this industry has gate keepers to them. Is it Real Estate? Is it big? More details and you may get this one doneAmanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
-
04-20-2015, 01:53 PM #3
- Join Date
- Jan 2015
- Posts
- 41
Who else does collateralized loans other than WBL??
What is the collateral? PM me. I may be able to help
-
04-20-2015, 02:12 PM #4
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
equipment leasing http://clarityleasing.com
Larger equipment with Real estate
maximcc.com
Lots of guys do collateral loans just depends on the collateral.
If you need more direction get in contact with us.
-
04-20-2015, 05:22 PM #5
- Join Date
- Apr 2015
- Posts
- 12
collateral loan
They have 225k with WBL 425k mortgage & property worth 1.2 million WBL has them as a client & won't give us the file for additional money don't know what else to do only qualifies for 25k ACH doesn't want it guys a poker anyway thanks
-
04-20-2015, 05:29 PM #6
Of course they won't give you the file. They already have it. They also won't give up their liens, so you will have to get them paid off.
Not sure anyone would want to pay off almost a quarter million
-
04-20-2015, 06:29 PM #7
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Who else does collateralized loans other than WBL??
I'm a little confused.
why hasn't the customer tried. commercial mortgage. there's certainly enough equity.
Similar Threads
-
Collateralized Loan
By nmanapat in forum Merchant Cash AdvanceReplies: 9Last Post: 04-19-2015, 04:41 PM -
Have a client who is looking for a collateralized loan, $1.3mm property
By nsampson in forum All Other LendingReplies: 11Last Post: 01-15-2015, 11:08 PM -
Sba loans/real estate/assett based loans
By getlikwid247 in forum Business LoansReplies: 9Last Post: 11-10-2014, 09:45 PM -
Collateralized loans, Consolidated loans, etc.
By Fetachini in forum Merchant Cash AdvanceReplies: 0Last Post: 07-29-2014, 02:31 PM -
need a loan collateralized on a property in FL ....free and clear
By clear2close in forum All Other LendingReplies: 3Last Post: 05-29-2014, 09:32 AM