auto dealer
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  1. #1

    auto dealer

    I have a used auto dealership that has defaulted on 2 MCAs in the past, and has a payment plan for both. are there any companies that could provide funding for my client? if you can provide the capital my client needs then pm me. if you cant help then don't waste either of our time.

  2. #2
    Senior Member Reputation points: 1240
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    Bro he can't afford to make payments on loans ... Don't force another payment on this business owner, move onto the next ...

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
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    1) Auto Dealer....very difficult to get done
    2) Defaulted on not one, but TWO MCA's in the past?

    Why would anyone touch this deal with a ten foot pole? Merchant has clearly stated that they will default on you

  4. #4
    Senior Member Reputation points: 116856 ridextreme's Avatar
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    are you going to tell the lender this upon submission?

    dead. next deal.

  5. #5

    auto dealer

    Ask yourself this when a deal presents itself... Would you lend your prospect money personally?

  6. #6
    Senior Member Reputation points: 1158
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    That advice from elaurentz is priceless. Would you lend to someone who has defaulted on TWO advances in the past?
    ---------------------------------------------------------

    Rich McKellar



    www.linkedin.com/in/richardmckellar

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