[NBDC_Leads]

We are new to this area, but tried to include enough information on the contact first

If anyone can think of anything else we need to add (other than phone and contact info) that will help we can add that to the questions our reps ask

Below is a merchant in TX that needs finding, below are the questions and answers he gave us and amount of funding needed etc.
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Business Description: Automobile Dealers-used Cars

City: Hereford

State: TX

How Sold: Retail

SIC Code:

Monthly Gross Sales: $ 250,000

Credit card Sales: $ 4,000

Personal + Biz Checking: Both Personal and Biz Checking

Amount Requested: $ 350,000

How soon Needed: ASAP - Right Away, Like Yesterday

Purpose For Money: note receivable

% of Biz Ownership: They are 100% Owner of the Biz

Years + Months in Biz : 12 Years + 00 Months in Business

Bankruptcies?: 20 yrs ago

Foreclosures?: NO - No Forclosures EVER

Liens?:no

Average Bank Balance:

Any NSF’s?: no

Estimated Credit Score Now: 800 beacon score

Current Rent + Mortgage: home and biz paid off

SAB or Cash Advance Before?: no

If so, When:

If so, How Much:

Paid Off Yet?:

If Not Paid, When?:

Amount Remaining:

[SalB@Fundry]

PM'd you

[RichardGerard]

This will be easy to establish a LOC or flooring plan (unless he already has one in place)..

Touch base if you need assistance..

Richard 516 510 3855

www.businesscapitalconsultants.com

[Sandstone]

We can get this done for you. If he is averaging 250k / month we are not going to be able to come in with 350k though. Give me a call to discuss.

[Zach]

WBL can facilitate this one, although it will automatically qualify for our "Bronze" pricing. Feel free and reach out and I can send you more info.

[John Galt]

Have they changed the name floor plan to flooring plan?

[Chambo]

An auto dealer of that size already has a flooring plan in place. Asking for more than they do a month in deposits is a no no, even for the standard industries...but auto sales?

Also with auto sales, what isd the pass through? Just because they have $350-400K in deposits, doesn't mean it is their to play with. My guess is 60-70% of that is going out direct to the auto finance companies.

If they are willing to put up cars as collateral, well then you might have something. Surprised that rookie from WBL hasn't jumped all over this. The only issue (well, the MAIN issue) is that liens will be put on cars for collateral. So now the delaer is going to have issue selling those cars.

Since when is an auto dealership going to turn away business?

[Michael Jagiello BGF]

This sounds doable especially if the merchant has no open advances. Shoot me an email if you'd like us to take a look and see what we could get done!