Results 1 to 16 of 16
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01-29-2016, 10:11 AM #1
Need Quick $300,000 Business Loan MONTHLY PMTS ONLY, $400,000 Trucks as Collateral
I'll make this one short & sweet:
Construction Co. has $400,000 worth of trucks that he can put up as collateral for a $270,000-300,000 business loan.
Needs to be monthly payment.
Needs to close LATEST TUESDAY. Needs REASONABLE RATES & TERMS.
FICO 750 Mid; business does average $2.5M/yr gross, $775,000/yr net.
Needs to close LATEST TUESDAY (needs money for closing on a very important RE transaction; this is the preferred method).
PM me or email: solidmerchantsolutions@yahoo.com (most of you already know I have my own email; this is just to scrub spam.)
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01-29-2016, 10:15 AM #2
- Join Date
- Nov 2013
- Posts
- 600
If you want to wait a couple of weeks for funding with 2-4% commission go to Dealstruck or Funding Circle for term loans with monthly payments.
Just make sure you have together the below in addition to the standard app & banks:
2 years corp tax returns (must show profitability in 1 of 2 reported years)
2 years personal tax returns
P&L for 2015
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01-29-2016, 10:17 AM #3
- Join Date
- Nov 2013
- Posts
- 600
Other than that....I have had TBB offer me a bi-weekly payment on a 12 month term. This merchant may fit that.
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01-29-2016, 01:21 PM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Both the firms you mentioned do not Love Commercial Construction firms (Dealstruck now has them on prohibited list). We can help.. Feel free to reach out.. Funding would likely be prior to next Friday- Monthly payments. Similar terms as FC and DS..
Richard 516 510 3855
www.businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
Would need app, 6 months banks, 13,14 personal and corporate returns, aging, p&l, balance sheet for 15, aging, and debt schedule
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01-29-2016, 10:17 PM #5
What is TBB never heard of them ?
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01-29-2016, 10:36 PM #6
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
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01-29-2016, 10:37 PM #7
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01-29-2016, 11:53 PM #8
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01-30-2016, 01:03 AM #9
I've closed several add-ons and renewals with BB. They normally offer 6 points on the renewal. The decent commission, combined with their often-times low buy rates, makes me push many of my A and B paper brokered deals towards them. Their add-on program definitely helps protect your portfolio and prevent stacking.
Solid lender!
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01-30-2016, 01:06 AM #10
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01-30-2016, 01:24 AM #11
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01-30-2016, 04:10 AM #12
Ask for Ty Hudson!
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01-30-2016, 03:34 PM #13
Need Quick $300,000 Business Loan MONTHLY PMTS ONLY, $400,000 Trucks as Collateral
TBB max is $200K
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02-01-2016, 11:40 AM #14
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Please find out how they determined the truck value.
My experience tells me that the actual auction value will be lower than that.
If you would like some help with the deal at no (did he say that correctly?) charge give me a call please.
Bob Shaw
Advance Credit Funding Corporation
rshaw@advancecredit.com
734-929-3800
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02-25-2016, 06:10 PM #15
- Join Date
- Jan 2014
- Posts
- 1,380
Good afternoon Zack, can you tell me who a good rep at business Backer is and well as pm me your info for WBL thank you.
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02-25-2016, 07:23 PM #16
I speak to TBB multiple times a day. They aren't interested in one n done ISO's anymore, nor the small ISO's who submit 3 deals and then call twenty times about those deals.
You'd be better off partnering up with someone who already uses them...and knows the ins and outs of their restrictions/qualifications
Or...you can go learn the hard way....
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