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07-24-2015, 03:06 PM #1
Who is still doing Auto Sales (Have a solid merchant)
Whats up all? Who is still doing Auto Sales out there. I have a solid Merchant, good credit, strong dailys, not a stacker, no NSF's, been in business for 9 years. Does 200k/month. Merchant has IOU Central and Plantinum for a total of 60k (40k to IOU and 20k to Platinum) Wants to leave IOU in place and payoff platinum for 20k and net additional 100k. Anyone on here doing this type of deal?
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07-24-2015, 03:17 PM #2
- Join Date
- Jun 2015
- Posts
- 3,325
Not a stacker but has 2 balances ? Huh
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07-24-2015, 05:00 PM #3
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07-27-2015, 10:18 AM #4
I don't think you guys read what I wrote. In todays day and age, I don't consider someone a stacker who has 2 positions and never had any more than 2 positions. Also, he is not looking for a 3rd, he is looking to consolidate the 2nd and have the new company go into 2nd. You guys are funny, maybe some of you should try reading what people write before responding. I get it though, the industry is frustrating at times and some of you use this site as a place to vent, however I am just looking to place a solid deal.
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07-27-2015, 10:28 AM #5
- Join Date
- Jul 2014
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- 1,746
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07-27-2015, 10:41 AM #6
This is why each and everyone of you should write to congress and beg them to regulate the industry. To save you from yourselves and in the mean time maybe get rid of all the idiots who have no business being in this industry or even leaving their house without adult supervision on any given day for that matter
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07-24-2015, 04:24 PM #7
Credibly (Formerly Retail Capital) will fund Auto Dealerships and they will pay off up to 3 balances as long as the merchant nets 50%.
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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07-25-2015, 09:39 PM #8
Who is still doing Auto Sales (Have a solid merchant)
Hahaha. Not a stacker! That's to funny! =)) but has 2 positions.
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07-26-2015, 05:18 PM #9
WBL would be a good fit if the client has collateral. It won't be one of those 3-5 month 1.45 crazy offers either
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07-27-2015, 10:43 AM #10
P.S. While yes, 2 positions is a stacker in its truest definition but how many deals do you come across that only have 1 position....not many at all. If anything when someone tells me that they do not have any positions out then I automatically assume they have another set of bank statements.
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08-07-2015, 01:37 PM #11
I am answering to the title of this thread...........
CapRock Services funded a couple of new car dealerships in July. Contact me if you want to discuss this, or any of our other programs. Thanks!
Louis Rubin
Regional Sales Manager
CapRock Services, Inc.
4890 Alpha Road l Suite 200
Dallas, TX 75244
866-962-4922 toll free
214-216-0230 direct
214-420-5100 fax
www.caprockservices.com
An Express Working Capital LLC Company
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07-27-2015, 10:44 AM #12
a merchant in a semi-restricted industry with slim margins and two outstanding advances is solid? I just spit my coffee out all over my desk laughing.
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07-27-2015, 03:40 PM #13
Daily average balances are 40k month over month. He owes 60k against 2.4 million in annual sales. Explain to me how is that slim margins. Sorry that you spilled your coffee, but you should already know, coffee is for closers. :-)
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07-27-2015, 07:03 PM #14
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- Jun 2015
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- 3,325
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08-07-2015, 12:35 PM #15
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07-27-2015, 03:56 PM #16
- Join Date
- Apr 2015
- Posts
- 188
check out our website instafundllc.com and shoot me an email at nathaniel@instafundllc.com and talk
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07-27-2015, 07:04 PM #17
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- Jun 2015
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- 3,325
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08-05-2015, 11:33 AM #18
- Join Date
- Aug 2015
- Location
- Boca Raton, FL
- Posts
- 47
Good morning. Did you find a home for this deal? I have a solid relationship that may get this done.
Sincerely,
Jay Rich
President/Senior Funding Advisor
Anthem Financial Group, Inc
Phone: (561) 510-0801
jay@anthemfinancialgroup.com
LinkedIn, connect with me: LinkedIn
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08-07-2015, 12:20 PM #19
- Join Date
- Aug 2015
- Location
- Boca Raton, FL
- Posts
- 47
Having trouble funding "certain industries"?
Sincerely,
Jay Rich
President/Senior Funding Advisor
Anthem Financial Group, Inc
Phone: (561) 510-0801
jay@anthemfinancialgroup.com
LinkedIn, connect with me: LinkedIn
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08-07-2015, 02:16 PM #20
Who is still doing Auto Sales (Have a solid merchant)
Louis, will you guys consider a used car lot? I have 3 I am needing to place.
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08-07-2015, 02:53 PM #21
- Join Date
- Aug 2015
- Location
- Boca Raton, FL
- Posts
- 47
Sincerely,
Jay Rich
President/Senior Funding Advisor
Anthem Financial Group, Inc
Phone: (561) 510-0801
jay@anthemfinancialgroup.com
LinkedIn, connect with me: LinkedIn
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08-07-2015, 05:22 PM #22
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- Jun 2015
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08-07-2015, 05:21 PM #23
- Join Date
- Jun 2015
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Louis
Is Alex still there ? What percentage of gross are you funding?also is this only on a cc split?
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08-07-2015, 07:53 PM #24
- Join Date
- Aug 2015
- Location
- Boca Raton, FL
- Posts
- 47
Who is still doing Auto Sales (Have a solid merchant)
Yes Mike I have a broad spectrum of lenders and used car lots I can get done...all you have to do is call me and discuss the scenario in 2 minutes and I'll have it taken care of. I'm on here to fund deals, not play games or waste anyone's time. call me at 561-510-0801 or email me at jay@bluecloverfin.com
Sincerely,
Jay Rich
President/Senior Funding Advisor
Anthem Financial Group, Inc
Phone: (561) 510-0801
jay@anthemfinancialgroup.com
LinkedIn, connect with me: LinkedIn
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08-07-2015, 07:57 PM #25
You guys know what I'm gonna ask.... does the client have _____?
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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