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05-21-2015, 12:17 PM #1
- Join Date
- Sep 2014
- Posts
- 16
live stock/farmers
Anyone do collateralized deals on live stock?
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05-21-2015, 12:27 PM #2
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05-21-2015, 12:42 PM #3
i know WBL does the collateralized loans and it is definitely their own niche in the industry. My question is this if they give a loan based on someone cattle and the loan goes bad.. How do they collect and what do they do with the cattle at that point?
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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05-21-2015, 12:48 PM #4Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
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05-21-2015, 01:21 PM #5
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Amanda 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.
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05-21-2015, 01:49 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
An ISO of mine wants to know if he can collateralize his screaming kids...on a real note cattle can be classified as inventory and can be collateral. (if i am reading correct)...
business is business and if a client defaults on collateral loan then he losses the rights no different then if i stopped paying my mortgages but with that said when someone is removing cattle i think they should contact http://en.wikipedia.org/wiki/Mark_Burnett and have it be a reality tv show! would be a must watch event!!Last edited by mcaguru; 05-21-2015 at 02:02 PM.
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05-21-2015, 02:16 PM #7
- Join Date
- May 2014
- Posts
- 317
Didn't WBL have a deal with a cattle farmer that went terribly wrong?
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05-21-2015, 02:27 PM #8John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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05-21-2015, 03:03 PM #9
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
I'll bet WBL has a warehouse full of crazy types of collateral from defaulted merchants. They can sell the stuff on Ebay.
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05-21-2015, 03:24 PM #10
Last edited by Zach; 05-21-2015 at 04:16 PM.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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05-21-2015, 05:10 PM #11
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Looking for a good condition vintage muscle car or recent 911 convertible. Keep me posted!
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05-21-2015, 05:27 PM #12
I heard about the cattle too!
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05-22-2015, 08:05 AM #13
- Join Date
- Sep 2014
- Posts
- 263
Guys cattle and anytype of livestock is easy collateral and easy to monetize. You can take it to auction and dump it quickly http://www.cattleusa.com/
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