Results 1 to 11 of 11
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06-10-2015, 04:26 PM #1
New and used car sales
Up until yesterday always did these deals at quickbridge. They no longer fund these deals, they are now a restricted industry. I want to know what lenders will look at these as REGULAR deals not interested in 2-4 month starter programs.. Not looking for anything crazy but want normal MCA terms and rates..
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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06-10-2015, 04:36 PM #2
Reputation points: 23085
- Join Date
- Nov 2013
- Posts
- 598
If its clean paper, IOU. Next Wave will do them as long as they dont have floorplan financing in place encumbering their inventory.
Hope that helped
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06-10-2015, 04:36 PM #3
thats actually a big help I didn't think of IOU.... THANKS
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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06-10-2015, 04:45 PM #4
Reputation points: 54
- Join Date
- Jun 2015
- Location
- Orange County, CA
- Posts
- 21
If you go through IOU just make sure they have 15 deposit or more every month, because IOU doesn't really make exceptions.
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06-10-2015, 04:56 PM #5Regards,
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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06-10-2015, 05:09 PM #6
Reputation points: 23085
- Join Date
- Nov 2013
- Posts
- 598
Ive also been hearing of IOU doing payoffs without having to net 50%. I havent had that luck yet but been hearing on DF of this.
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06-10-2015, 05:10 PM #7John 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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06-11-2015, 10:03 AM #8
Reputation points: 36
- Join Date
- Apr 2015
- Location
- New York, NY
- Posts
- 31
We will gladly look at auto sales deals.
jmoriarty@legendfunding.com
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06-13-2015, 09:45 AM #9
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
The issue is whether or not the client has a flooring plan.. Without one we can help immediately..
Richard 516 510 3855
www.businesscapitalconsultants.com
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06-18-2015, 10:28 PM #10
Reputation points: 107
- Join Date
- Nov 2014
- Posts
- 71
I just got one done at Retail Capital with a floor plan. Also, IOU does payoff without merchant netting 50%, did one a month ago.
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06-20-2015, 12:24 PM #11
Reputation points: 10
- Join Date
- May 2014
- Posts
- 42
I would be happy to take a look at this client and see if I can help them. Let me know if you are still looking for a solution
Meet me and see if you Qualify http://ezcapital.us
Ben Corey
714-988-4469
*Ask me about our ISO program
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