Exotic Car Rental ACH Loan
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  1. #1
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    Exotic Car Rental ACH Loan

    NV, only 1 to 2 deposits per month, does not take credit cards, in business 1.5 years, Inc., Average daily ledger balance $15,000, Annual Sales $1.5 Mil year.
    Looking for $150,000. Credit Avg

  2. #2
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    Based on the SIC code and the Average Credit I don't forsee them getting 150K unless they go to Zach and WBL with some land for collateral. That may be your best option unless they are willing to take less than 150K I would offer them 80-100K based on what you've said.

  3. #3
    Member Reputation points: 10 pmoney's Avatar
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    Quote Originally Posted by stevefis View Post
    NV, only 1 to 2 deposits per month, does not take credit cards, in business 1.5 years, Inc., Average daily ledger balance $15,000, Annual Sales $1.5 Mil year.
    Looking for $150,000. Credit Avg
    Yes, if they can pledge some type of real estate (commercial, residential, land) this would definitely be a deal with us. Credit score isn't an issue since we don't have a minimum. As I said, if they do own real estate (or have a partner/family/friend who's willing to pledge theirs) then I'd definitely like to discuss the scenario in greater depth and ultimately weigh-out some options. My direct line is 201-210-8552 or paul@oracleloans.com
    Last edited by pmoney; 02-08-2016 at 11:00 AM.
    Paul Marzolla
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  4. #4
    Maybe not 150, but its a doable deal as an MCA w/o specifically encumbering the titles. But why only 2 deposits? The revenue figures suggest at least 10 cars on the road?

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 313-218-4663
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
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  5. #5
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    If there are twice monthly deposits because they invoice businesses they are eligible for about $100,000. Please send me your contact information.
    Bob

  6. #6
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    As they likely own the vehicles, the balance sheet looks strong, and if they are profitable- 150k is not out of the question at all.. If you would like assistance, feel free to reach out...

    Richard 516 510 3855

    www.businesscapitalconsultants.com

    775 Park Avenue Suite 255
    Huntington, NY 11743

  7. #7

    In reference to your ACH loan you are looking for

    Quote Originally Posted by stevefis View Post
    NV, only 1 to 2 deposits per month, does not take credit cards, in business 1.5 years, Inc., Average daily ledger balance $15,000, Annual Sales $1.5 Mil year.
    Looking for $150,000. Credit Avg

    At Bizloan America we lend out our own money. So I believe we can help. Please contact me at hrosario@bizloanamerica.com. Thanks

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