[Triton]

Are there any companies that will use vehicles and equipment for collateral. I know WBL stopped a few weeks ago.

Is there anyone else?

[Kevin Henry-Seacoast]

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.

[John Galt]

Pledgecap but they'd take the equipment.

[John Galt]

Also check out Metrix.

[FCF Fund]

Also check out Metrix.

John, Have you worked with them before? My experience wasn't so pleasant.

[John Galt]

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.

[Triton]

Well, I know the merchant will need his equipment to run his business and I decided not to work with Metrix anymore.

Anyone else?

[Triton]

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.

Metrix charges ridiculous upfront fees and they drag deals for weeks. And then there's a 90% chance they will kill the deal at the last minute. I lost a $1.5MM deal to these guys last year. Never again.

[John Galt]

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.

[Triton]

Everlast or Everest?

[John Galt]

Everlast not Everest.

[Funder Mark]

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

[bdshaw]

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

[#1closer]

call my guy Brian@ Everlasting 603-379-1761 Brian Perry bperry@everlastingcapital.com