Results 1 to 12 of 12
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04-19-2016, 12:57 PM #1
- Join Date
- Jun 2013
- Posts
- 293
Borrow Against Equipment
Who does loans against equipment? Sub-Prime primarily. Thanks.
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04-19-2016, 01:15 PM #2
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
If the equipment is not in use nor needed for the term of the loan, PledgeCap could work as they are an asset based lender - definitely subprime; no credit necessary
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04-19-2016, 02:10 PM #3
- Join Date
- Jun 2015
- Posts
- 19
Borrow Against Equipment
what type of equipment and what's the liquidation value approximately ? Maybe we can do a leaseback.
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04-19-2016, 02:14 PM #4
- Join Date
- Jun 2013
- Posts
- 293
Manufacturing equipment and $260k
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04-19-2016, 03:59 PM #5
- Join Date
- Sep 2014
- Posts
- 83
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04-19-2016, 04:14 PM #6
- Join Date
- Apr 2014
- Posts
- 781
Who does equip leaseback...rate doesn't matter..
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04-19-2016, 04:17 PM #7
- Join Date
- Jul 2014
- Posts
- 1,746
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04-19-2016, 05:37 PM #8
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Borrow Against Equipment
GCS, I'm afraid you are asking that question in a vacuum. There are lenders who will make loans between 60-65% of orderly sale price, also known as auction price.
However, the equipment financing usually is a package deal to include finished inventory, accounts receiv able
and other assets.
If you would like some help figuring it out feel free to contact me. If I can, I will point you in the right direction at no charge.
Bob Shaw
734.928.3800
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04-20-2016, 02:52 PM #9
- Join Date
- Sep 2014
- Posts
- 262
Guys - It all depends on the value of the equipment and the credit of a customer - we just used a farmers equipment of 2.5 million dollars for a 2.3 million dollar loan with the equipment as collateral. Without more details you can not get an honest answer. Sale leasebacks can be done on all different sorts of equipment based on credit and time in Business.
Mike
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04-21-2016, 12:42 AM #10
Dakota wont touch manufacturing equipment that inside a building. They are yellow iron /truck lenders and depending on how Chris feels you might get 10-50% of what the equipment is worth
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04-22-2016, 11:17 AM #11
- Join Date
- Feb 2016
- Posts
- 4
Sent you pm
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04-28-2016, 11:01 AM #12
- Join Date
- Apr 2016
- Posts
- 2
Our lenders can definitely do a sales lease back program for you. Send me an email with your info and I will be more than happy to send you some information on how you can move forward with getting the funds need! mmoses@titanscapitalpartners.com
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