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11-13-2015, 01:04 PM #1
- Join Date
- Apr 2015
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- 297
Collateralized Loans
Are there any companies that will use vehicles and equipment for collateral. I know WBL stopped a few weeks ago.
Is there anyone else?
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11-13-2015, 01:07 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
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- 3,508
We can finance equipment as an accommodation to an overall working capital facility. It would really depend on industry, type of equipment. We would lead with the AR and can do inventory and equipment within the facility.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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11-13-2015, 01:14 PM #3
- 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
Pledgecap but they'd take the equipment.
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11-13-2015, 01:19 PM #4
- 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
Also check out Metrix.
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11-13-2015, 01:24 PM #5
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- Nov 2013
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- 600
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11-13-2015, 01:40 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
No, I haven't done anything other than talk to them and sign on as an ISO and receive guidelines. I only know they are markets for equip financing.
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11-13-2015, 01:45 PM #7
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- Apr 2015
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- 297
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11-13-2015, 01:44 PM #8
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- Apr 2015
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- 297
Well, I know the merchant will need his equipment to run his business and I decided not to work with Metrix anymore.
Anyone else?
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11-13-2015, 01:53 PM #9
- 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
How about Everlast? Not a recommendation as I have never done anything with them. You might want to use the search feature in here to look them up.
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11-13-2015, 01:53 PM #10
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- Apr 2015
- Posts
- 297
Everlast or Everest?
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11-13-2015, 04:26 PM #11
- Join Date
- Aug 2015
- Location
- miami
- Posts
- 48
call my guy Brian@ Everlasting 603-379-1761 Brian Perry bperry@everlastingcapital.com
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11-13-2015, 01:54 PM #12
- 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
Everlast not Everest.
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11-13-2015, 01:56 PM #13
I use this guy whenever something like this comes up:
Jack Notebaert
Brickhouse Capital, LLC ® | Senior Account Manager
8161 E. Indian Bend Road | Suite 103
Scottsdale, AZ 85250
T: 480-948-5541
F: 480-436-5276
www.brickhousecapital.com
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11-13-2015, 03:05 PM #14
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Triton, what's the context. Type of business, age of trucks etc. There's almost no such think as a "collateral" loan anymore, As Kevin mentioned.
When asking if there's a lender for a particular deal why not, for a moment ask if you would feel safe making this type of loan yourself. You'll get a pretty good idea from just that.
Bob
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