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09-15-2015, 06:03 PM #1
- Join Date
- Jul 2014
- Posts
- 1,746
You've never been busier? You've just alienated most of your ISO base by dropping the ability to collateralize equipment. LMAO. Come on.
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09-15-2015, 06:23 PM #2
FUNd, I assure you that we are much busier than ever before. Not too many of my submissions were vehicles in the first place. Equipment we rarely used as well, although we would get the occasional submission for it. Right now my pipeline is full of nice, meaty real estate deals ;-)
As a side note, if you're looking for a home for equipment and vehicle deals, I highly recommend Financial Pacific and Pawnee Leasing. They offer 2-5 year term programs, and pay 14-20 points.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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09-15-2015, 07:22 PM #3
- Join Date
- Jul 2014
- Posts
- 1,746
Our core business is equipment leasing. Very familiar with FinPac and their sidekick Pawnee. I know a lot of people in the business and see a lot of submissions. We run across a lot of prospects looking to use their equipment as collateral for working capital, WBL called my office for a year promising you could handle those deals. Without a warning, you cut off that channel. Not a great way to do business. Any meaty real estate deals we see are going to my mortgage banker.
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09-15-2015, 07:46 PM #4
I understand how you feel. I'd probably feel the same way if my core business was equipment as well; obviously our cutting equipment deals would affect you disproportionately more than MCA brokers. If the day comes when there's a deal that your mortgage banker for some reason can't service, we'd love the opportunity to take a crack at it!
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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09-15-2015, 06:26 PM #5
- Join Date
- Jun 2013
- Posts
- 195
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