Need Quick $300,000 Business Loan MONTHLY PMTS ONLY, $400,000 Trucks as Collateral
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    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.)

  2. #2
    Senior Member Reputation points: 23085
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    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

  3. #3
    Senior Member Reputation points: 23085
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    Other than that....I have had TBB offer me a bi-weekly payment on a 12 month term. This merchant may fit that.

  4. #4
    Senior Member Reputation points: 68233
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    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

  5. #5
    Member Reputation points: 97 Worldwide Capital's Avatar
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    What is TBB never heard of them ?

  6. #6
    Quote Originally Posted by Worldwide Capital View Post
    What is TBB never heard of them ?
    The Business Backer

  7. #7
    Member Reputation points: 97 Worldwide Capital's Avatar
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    Thank you much

  8. #8
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    TBB still paying 1% on renewals? I stopped using them after that

    Quote Originally Posted by rick_clsfunding View Post
    The Business Backer

  9. #9
    Senior Member Reputation points: 32658 Zach's Avatar
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    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!

  10. #10
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Maybe they change. It has been over a year or 2 since I used them. or just maybe my rep was screwing me. He only wanted to pay 1% and so my clients came with me also away from BB

    Quote Originally Posted by Zach View Post
    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!

  11. #11
    Senior Member Reputation points: 32658 Zach's Avatar
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    Quote Originally Posted by brokerCompany View Post
    Maybe they change. It has been over a year or 2 since I used them. or just maybe my rep was screwing me. He only wanted to pay 1% and so my clients came with me also away from BB
    That's unfortunate... I assure you they haven't done anything like that with me so far. I have a great relationship manager who I can gladly introduce you to, if you'd like.

  12. #12
    Senior Member Reputation points: 3217 CO1's Avatar
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    Ask for Ty Hudson!

  13. #13
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    Need Quick $300,000 Business Loan MONTHLY PMTS ONLY, $400,000 Trucks as Collateral

    TBB max is $200K
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  14. #14
    Banned Reputation points: 4530
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    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

  15. #15
    Senior Member Reputation points: 203690
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    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.

  16. #16
    Veteran Reputation points: 135672 Chambo's Avatar
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    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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