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10-12-2015, 12:12 PM #1
- Join Date
- Oct 2015
- Posts
- 3
Auto Dealers
I have a client who is an auto dealer. They are 75% paid in on an existing advance. Does anyone know who would have the best rates and terms and would buy out the existing advance and offer a 1st position.
Thanks
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10-12-2015, 12:23 PM #2
Auto dealers are tough to get low rates for, unless they are IOU quality and will accept $100K or less.
I can offer them more money than any of my competitors, and also a longer term.
I'm available for a quick call if you want to run it by me.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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10-12-2015, 12:44 PM #3
- Join Date
- May 2015
- Posts
- 33
As long as they have strong banks we would be able to help you out on this. As far as coming in with a 1st position it will depend on who it is currently with and how their payment history has been.
Not sure what you will need as far as rates but we would be looking at a 1.38 - 1.42 for a car dealership. Give me a call if you would want to discuss further.
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10-12-2015, 12:57 PM #4
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 501
Give me a call to discuss
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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10-12-2015, 02:04 PM #5
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
I am a direct lender and fund a lot of consolidations. Auto dealer does not scare me...I look more at the profitability of clients rather than red-lining any particular industry.
With consolidation, I can do a twelve month term, monthly payments, at 1.31 factor rate over twelve months. Longer terms are available. We would pay off the existing advance and end up in a first position. Clients can pre-pay any time after six months (paying remaining principle only, no interest) to save a ton of money.
If you're interested, feel free to call or drop an email.
Best,
Dan Page
Funding Strategy Partners
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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10-12-2015, 09:25 PM #6
- Join Date
- Aug 2015
- Posts
- 67
I wanted to reach out to you to inform you of our MCA program that has gone to a new level then our competitors. We are funding both 1st and 2nd position desks ranging from $10k-$1,000,000.
We are proud to announce that we have been funding larger deals ranging from $250-$750k to restructure debt.
Feel free to contact me at doran@doransummers.comDoran M. Summers
Small Business Loans & Commercial Loans
3960 Howard Hughes Parkway Suite #500
Las Vegas, NV 89169
Doran@DoranSummers.com
Www.DoranSummersFunding.com
217.799.0156
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10-12-2015, 10:51 PM #7
- Join Date
- Jul 2014
- Posts
- 1,746
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