Results 1 to 8 of 8
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10-23-2015, 11:50 AM #1
Automobile Dealers-used Cars - $250k - Good Credit
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:Last edited by NBDC_Leads; 10-23-2015 at 11:53 AM.
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10-23-2015, 12:19 PM #2
- Join Date
- Sep 2015
- Posts
- 14
PM'd you
Sal Benanti
Senior Account Representative
RUNIT CAP LLC
a Fundry Approved Vendor
Direct: (646)-774-3306
sal@runitcap.com
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10-23-2015, 02:49 PM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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
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10-23-2015, 03:49 PM #4
- Join Date
- May 2015
- Posts
- 33
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.
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10-23-2015, 04:17 PM #5
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.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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10-23-2015, 04:33 PM #6
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Have they changed the name floor plan to flooring plan?
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10-23-2015, 06:31 PM #7
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?
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10-26-2015, 10:26 AM #8
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!
Michael Jagiello
Director of Client Acquisitions
Blue Granite Funding LLC
mjagiello@bluegranitefunding.com
1(718)873-6407 Cell
1(917)791-8911 Fax
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