Need Equpment Financing for $20K Alignment Machine. Poor FICO
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Need Equpment Financing for $20K Alignment Machine. Poor FICO

    Towing/Auto repair/sales company is looking to purchase an alignment machine for $54K actually. Correcting from initial post.

    Does 53K/mo avg.
    Has FICO in the low 500s.
    Need the best options; the direct lenders who boast paying 10pts or more in commissions....

    Equipment leasing also an option, of course.


    PM me or email: solidmerchantsolutions@yahoo.com. Thanks.
    Last edited by Fundyman; 06-03-2015 at 12:06 PM.

  2. #2
    If you have a luxury item that is valued at $20k or more I can help! I have a leasing program that is collateral based, not credit driven. Give me a call or email me at 765-506-8048.

    Thanks,

    Lorraine
    765-506-8048

  3. #3
    how much is he doing in revenues

  4. #4
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by loanranger View Post
    how much is he doing in revenues
    53K/mo in revenue on average.

    I have another one doing about 800K/year who needs 40K equipment financing as well.

  5. #5
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    Try Pawnee Leasing

  6. #6
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by BridgeTheGaps View Post
    Try Pawnee Leasing
    Just a quick glance at that company & I see nothing but complaints & scam accusations..... I really doubt I want to put my client in that scenario because then, he'd bother me w/ his complaints, and i can't possibly have the time to devote to fixing them. One of my clients has terrible credit but the other has good credit. Who do I go to with a client with FICOs above 700? (besides the bank.... )

  7. #7
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    Pawnee probably isn't the cleanest place to take a deal, but with that fico he really doesn't have a choice, they also can do Start-ups 35% buy rates.

    700+ fico I would take it to TCF or Susquehanna, there you'll have competitive rates. Only caveat is they are hard to get on with.

  8. #8
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by BridgeTheGaps View Post
    Pawnee probably isn't the cleanest place to take a deal, but with that fico he really doesn't have a choice, they also can do Start-ups 35% buy rates.

    700+ fico I would take it to TCF or Susquehanna, there you'll have competitive rates. Only caveat is they are hard to get on with.
    Really appreciate this. I've checked out Pawnee, and signed up with them. I'll try the others too for A-B paper clients.

  9. #9
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    Quote Originally Posted by Fundyman View Post
    Really appreciate this. I've checked out Pawnee, and signed up with them. I'll try the others too for A-B paper clients.
    No Problem sir...

  10. #10
    Metrix Capital is great for equipment deals. Contact Harrison

  11. #11
    We have great outlets for equipment lease give a call late afternoon on
    1844-204-CASH

  12. #12
    We specialize in truck repair shops and trucking companies. Partner owns a trucking company and repair shop in Chicago.

    Text me
    347-348-8020

    Mark Alan
    CEO
    Connect2Cash

  13. #13
    Senior Member Reputation points: 17365 jfeinberg's Avatar
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    Here at Everlasting Capital we provide equipment financing and leasing. Terms out to 60 months. Monthly Payments. Any where from $5,000 up to $20,000,000. Up to 10 points! Start-Up's up to $35,000.


    Please feel free to contact me at the information below!

    Thanks,
    Josh

    (D) 603 379 1890
    (T) 888 777 8144 x 100
    (F) 603 262 3764
    Everlasting Capital Corporation
    18 North Main St
    Rochester, NH, 03867

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