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06-23-2015, 12:41 PM #1
- Join Date
- Nov 2014
- Posts
- 97
Auto Dealership Funding - Who's Funding them
As title Says , Who's funding this industry as A or B paper - Means normal rates and terms ( need 12 Months)?
NO YS , NO Pearl or anyone on 4 to 6 month term please
Thanks
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06-23-2015, 01:40 PM #2
WBL is funding Auto Dealerships up to 12 months with a weekly payment and buy rates as low as 1.19 (with collateral).
We also fund up to 3x their monthly deposits.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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06-23-2015, 04:04 PM #3
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06-23-2015, 04:49 PM #4Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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06-23-2015, 07:32 PM #5
I have some former employees of wbl and they told me about all the nightmares and loads of stips needed to get a deal funded. Vehicle titles, wife's PG's who are not owners that are required on all deals if married, property, dogs, cats, and birds.
There are plenty of funders that will fund without all of this for the same type of deals. (they are stips nightmares) lolLast edited by ridextreme; 06-23-2015 at 07:36 PM.
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06-29-2015, 01:44 PM #6Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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06-23-2015, 02:29 PM #7
The issue that comes up with WBL's program, is that they place liens on the vehicles used as collateral. Meaning, the dealer cannot sell those cars.
So someone walks onto their lot, says, "I want that car there, and I will pay cash today" cannot be serviced?
Unless the dealer has cars they are willing to sit on for 6-9 months....
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06-23-2015, 03:24 PM #8
- Join Date
- Jun 2013
- Posts
- 195
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06-23-2015, 02:36 PM #9
- Join Date
- Dec 2014
- Posts
- 14
Quickbridge will fund Auto Dealerships, will also stretch out to 12 months as well. Great pricing for 700+ credit.
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06-23-2015, 02:39 PM #10John 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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06-23-2015, 02:44 PM #11
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
IOU will do used car dealerships, great rate and term if they qualify, I have seen them do 12 month 1.25s on used cars. We will do them too, but closer to ysc type pricing, if they have good credit and tib best we would do would be 8-9 monthes 1st position with a factor rate in the 1.40s
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06-23-2015, 03:23 PM #12
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
Retail Capital is back on board, Nextwave has been doing them.
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06-23-2015, 03:26 PM #13
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06-23-2015, 04:42 PM #14
- Join Date
- Jul 2014
- Posts
- 1,746
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06-23-2015, 04:47 PM #15
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06-23-2015, 03:51 PM #16
Credibly will fund Auto Dealerships as long as they are depositing at least 40K per month.
Jeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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03-29-2016, 03:29 PM #17
- Join Date
- Jan 2016
- Posts
- 54
...
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03-29-2016, 03:31 PM #18
- Join Date
- Jan 2016
- Posts
- 54
....
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06-23-2015, 09:53 PM #19
Auto Dealership Funding - Who's Funding them
But yet Cows are- right?!
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06-24-2015, 06:00 AM #20
- Join Date
- Jun 2015
- Posts
- 51
We fund dealers .
Email me or text
Mark Alan
347-348-8020
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06-29-2015, 01:54 PM #21
- Join Date
- Apr 2015
- Posts
- 188
If the dealership is willing to pledge his assets maybe I can help, shoot me an email at nathaniel@instafundllc.com
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07-07-2015, 10:33 AM #22
- Join Date
- Jun 2013
- Posts
- 351
And out goes IOU. So that leaves Credibly, Everest, YSC. Who else?
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07-07-2015, 10:49 AM #23
- Join Date
- Jun 2014
- Posts
- 89
It's interesting to consider that the level of default is so high among that SIC that even funding sources who charge 30-50 cents on the dollar can't tolerate the risk... I just had this discussion with my client - a dealership that is on their 4th renewal. Although she is upset that her industry has such a bad reputation/performance history among lenders, she said "If it was my money I wouldn't lend to a car dealership!".
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03-29-2016, 07:48 PM #24
Windset Capital, but keep in mind there are several states they will not fund in.
Maisie Navarro | President
North Star Business Services, LLC
Toll Free: 1-855-807-7585 | eFax: 1-855-300-9411
Email: Business@NorthStarLLC.co
Web: www.NorthStarLLC.co
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03-30-2016, 12:09 AM #25
- Join Date
- Dec 2015
- Posts
- 55
Definitely reach out to my guy, Devin @ Merchant Money Company... he helped me fund a used auto dealership for 175k
Devin Minna
Account Manager
330 E. Lambert Road. Suite 275 Brea, CA 92821
Tel 562.242.2903 | Cell 949.300.6986 | Fax 877.826.0507
Facebook | Twitter | LinkedIn
www.merchantmoneycompany.com
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