[BW Capital Solutions]

What lenders like used car dealerships? High 500's or low 600's credit. Deposits are around 15+ per month @ $30K.

[BW Capital Solutions]

He does not have collateral or a repair bay to my knowledge just to get that out there.

[Funder Mark]

At $30k per month? Can't imagne anyone wants them. My company has a minimum of $50k for used cars.

[AndyYSCISOdept]

all over that at 30K a month...whats the situation on NSf's and Daily Bals?

[LoanMe]

LoanMe can fund these types of dealerships

[#1closer]

arcaruis funding can get it done

[getitfunded]

Depends. How much do they need and what do their banks look like?

[BW Capital Solutions]

Depends. How much do they need and what do their banks look like?

15+ deposits per month for an avg. of $30K. They are looking to borrow the same.

[BW Capital Solutions]

LoanMe can fund these types of dealerships

They are in Texas otherwise I would have sent this to Kristen.

[BW Capital Solutions]

arcaruis funding can get it done

Arcaruis only funds on new car dealers these days.

[bsmith]

I believe Elevate is still working with car dealers as well

[bsmith]

I believe Elevate is still working with car dealers as well

I've recently found out that Elevate has ceased to work with auto sales. Don't want to waste anyone's time on here

[AndyYSCISOdept]

There are a lot of funder who have stopped working with Auto dealerships for a few main reasons.

The biggest reason being that there is an abnormally high default rate among this sic code. On top of that finding Auto dealerships that are doing enough in gross sales and have adequate daily balances is tougher than you'd imagine.

All that being said, we here at YSC have seized the opportunity and are doing Auto Dealerships still and are actually seeing an increase in the quality of the submissions for this sic code.

[BB_Cooper]

Cooper specializes in used car dealers, but our underwriter team is looking for the average price point of their inventory to be <$15K per unit.

Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
logo-01smaller.jpg

[kpeng]

I've recently found out that Elevate has ceased to work with auto sales. Don't want to waste anyone's time on here

We've never worked with auto sales.

[Opportune]

We're still doing used cars but had to move them into our restricted category with a 20k max advance, ACH only. Shoot me details if you can't get the 30k.

[bsmith]

We've never worked with auto sales.

I've only sent one auto dealer your way. I was going off of the restricted industry list you provided us when I originally posted. Sorry for trying to send business your way, I wouldn't have done so or wasted anyone's time if the restricted list I was given was accurate. Just trying to help people out here