Results 1 to 6 of 6
-
05-15-2015, 06:05 PM #1
- Join Date
- Apr 2015
- Posts
- 6
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.
-
05-15-2015, 06:17 PM #2
- Join Date
- Dec 2014
- Posts
- 114
Bro he can't afford to make payments on loans ... Don't force another payment on this business owner, move onto the next ...
-
05-15-2015, 06:32 PM #3
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
-
05-15-2015, 08:08 PM #4
are you going to tell the lender this upon submission?
dead. next deal.
-
05-15-2015, 08:32 PM #5
- Join Date
- Apr 2015
- Posts
- 2
auto dealer
Ask yourself this when a deal presents itself... Would you lend your prospect money personally?
-
05-18-2015, 09:41 AM #6
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
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
Similar Threads
-
Need Lender for auto dealer
By lrodda in forum Deal BinReplies: 10Last Post: 05-18-2015, 04:58 PM -
Auto Dealer in TX - 720 Fico - $350k a month - looking for $100-$150k at around 1.20
By Increment1 in forum Deal BinReplies: 8Last Post: 04-18-2015, 09:38 PM -
Used Car Dealer
By Peak Source in forum Deal BinReplies: 2Last Post: 10-11-2014, 06:00 PM -
Line of credit for auto dealer
By ca _tradition in forum Deal BinReplies: 4Last Post: 09-08-2014, 05:22 PM -
auto dealer
By franko75 in forum Deal BinReplies: 1Last Post: 07-17-2014, 01:13 PM