[OSF Funding]

I have a used auto dealership client in CA that I have been working with for over a year now. I was able to get them two rounds of funding from the same lender with 6 month terms.

Most recently 105k @ 1.2 that paid me 12 points. The merchant has perfect payment history with the lender, but unfortunately they will not renew because they are no longer working with used auto dealerships.

Merchant's gross revenue is about 1 Million a month, ending balances are always 50k+. They are interested in any offer over 100k.

I know this is always a tough industry to get funded. I also need a comparable rate at 6 months, I'm not expecting to make 12 points!

Please PM me if you can get this done.

[dpFund]

Hi OSF-

I am a direct funder (though Not MCA). Monthly payment. If the deal worked and we funded I would have to consolidate any existing MCA balances. We typically have 12-18 month terms but if the client pays off in six months there are no fees, penalties or interest so the rate ends up being about a 1.15

Feel free to reach out if you would like to discuss.

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com

[FUNd]

I have a used auto dealership client in CA that I have been working with for over a year now. I was able to get them two rounds of funding from the same lender with 6 month terms.

Most recently 105k @ 1.2 that paid me 12 points. The merchant has perfect payment history with the lender, but unfortunately they will not renew because they are no longer working with used auto dealerships.

Merchant's gross revenue is about 1 Million a month, ending balances are always 50k+. They are interested in any offer over 100k.

I know this is always a tough industry to get funded. I also need a comparable rate at 6 months, I'm not expecting to make 12 points!

Please PM me if you can get this done.

You got a used auto dealer funded for 100K @ a 1.08 buy rate?

[leyla87]

Hello,
My name is Leyla Lopez and I am a business development manager with Everest Business Funding. Everest is licensed in California and we do MCA's for used auto dealerships up to 50K. Please contact me directly:

Email: leyla.lopez@everestbusinessfunding.com
Best regards,

LEYLA M. LOPEZ
ISO RELATIONSHIP MANAGER - EVEREST BUSINESS FUNDING
786-838-5570
WWW.EVERESTBUSINESSFUNDING.COM

[OSF Funding]

Yeah! I know, it was a great deal for me and the merchant! I got the 1.08 buy rate on the renewal after the merchant had already showed perfect payment history.

[FUNd]

Yeah! I know, it was a great deal for me and the merchant! I got the 1.08 buy rate on the renewal after the merchant had already showed perfect payment history.

Unheard of.

[Zach]

That is the lowest rate I've ever heard of for an auto dealer. No wonder the lender cleaned that part of their portfolio up lol

[Zach]

1.08 and willing to pay 12 points at 1.20... Financial suicide for a lender

[Accord Business Funding]

Sent PM