New and used car sales

**J.Celifarco** · 06-10-2015, 04:26 PM

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..

**FCF Fund** · 06-10-2015, 04:36 PM

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

**J.Celifarco** · 06-10-2015, 04:36 PM

thats actually a big help I didn't think of IOU.... THANKS

**BridgeTheGaps** · 06-10-2015, 04:45 PM

If you go through IOU just make sure they have 15 deposit or more every month, because IOU doesn't really make exceptions.

**MatthewAStucchio** · 06-10-2015, 04:56 PM

Originally Posted by J.Celifarco

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..

WBL will fund these deals if collateral is available. Pls contact for more info. Thank you

**FCF Fund** · 06-10-2015, 05:09 PM

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.

**J.Celifarco** · 06-10-2015, 05:10 PM

Originally Posted by FCF Fund

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.

i heard that also dont know if there is any truth to it.. I haven't done many deals with them.

**MorCap Funding** · 06-11-2015, 10:03 AM

We will gladly look at auto sales deals.
jmoriarty@legendfunding.com

**RichardGerard** · 06-13-2015, 09:45 AM

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

**len@accfunding.com** · 06-18-2015, 10:28 PM

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.

**ezcapital** · 06-20-2015, 12:24 PM

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

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