[FUNd]

WBL stopped doing these and I have a lender that does them, but their rates are disgusting. I need a lender that will give 60-72 months on 100K. Bus transportation company out of MD. The principal, interest, and possible recovery fees in case of default can be fully collateralized by titled buses at auction value. Catch is, if you are fully covered by collateral, rate needs to be reasonable. Payments need to hover around 2K a month, credit is shaky but not a train wreck.

[rich@arcariusfunding.com]

We could do collateralize loan but would need to do a daily ACH on the deal....is credit over 550?

[bdshaw]

WBL stopped doing these and I have a lender that does them, but their rates are disgusting. I need a lender that will give 60-72 months on 100K. Bus transportation company out of MD. The principal, interest, and possible recovery fees in case of default can be fully collateralized by titled buses at auction value. Catch is, if you are fully covered by collateral, rate needs to be reasonable. Payments need to hover around 2K a month, credit is shaky but not a train wreck.

I may have a home for this.
Please describe the company's financial position.
Bob Shaw
734.929.3800
rshaw@advancecredit.com

[DrFund]

I am working on a file like this. We are a direct private lender specializing in these type of loans.

Email me for details
Sbatchelor@unfunded.com