Results 1 to 8 of 8
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07-27-2016, 03:44 PM #1
- Join Date
- Oct 2014
- Posts
- 257
Cheap Equipment Financing
I have a client looking to acquire $2,100,000.00 in equipment. I have invoices and work orders already on hand. Who has a CHEAP leasing company we can do this deal with? I am not looking for a MAXIM CC, BALBOA, or PAWNEE.....experienced broker's only as I am not involved in the equipment finance space. Send an email to Jcohen@trustcapitalfunding.com
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07-27-2016, 04:19 PM #2
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07-27-2016, 05:03 PM #3
- Join Date
- Jul 2014
- Posts
- 1,746
A "cheap" equipment leasing company? LMAO. Good luck bud. The only thing cheap about equipment leasing companies is the compensation they pay to those Craigslist losers they trick into thinking they're going to make 100K in their first year.
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07-27-2016, 05:09 PM #4
Funny you should say that FUNd. We actually have several brokers that have make over six figures working with us. It all depends on the quality of the submission, their volume and how good the broker is at selling the product. We are typically in the high single digit to low 20% range rate wise depending on the strength of the customer. Not sure if you consider that "Cheap" or not. But in the commercial equipment space it is pretty competitive.
Jim Plummer
Quality Leasing Co., Inc.
A Tom Wood Automotive Company
Office: 317-253-4415
Direct: 317-845-8768
Fax: 317-688-6420
Cell: 317-512-9618
www.qualityleasingco.com
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07-27-2016, 05:10 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Cheap Equipment Financing
I've been in that space for over 40 years and should be able to help.
lease rates for a good credit will be in single digits.
Bob Shaw
rshaw@advancecredit.com
734.929.3800
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07-27-2016, 05:40 PM #6
- Join Date
- Jul 2014
- Posts
- 1,746
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07-28-2016, 08:53 AM #7
It is true that typically brokered equipment financing is not for everyone. Your really strong customers typically can get a line of credit or financing directly from their bank. However, a lot of small to medium companies do not have the same options or in some cases larger companies that are at their limit with the GE's or BMO's of the world need to be able to continue to grow. That is where companies like ours and brokers come into play. If the broker working with the client can assess the business properly they should be able to set the expectation. If the company is one that deserves a single digit rate if the broker is well connected they should be able to get them a single digit rate, however, if the customers expectations are out of line with their current situation the broker should be able to educate the customer and realign their expectations.
Jim Plummer
Quality Leasing Co., Inc.
A Tom Wood Automotive Company
Office: 317-253-4415
Direct: 317-845-8768
Fax: 317-688-6420
Cell: 317-512-9618
www.qualityleasingco.com
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07-28-2016, 09:31 AM #8
- Join Date
- Jun 2015
- Posts
- 7
Cheap Equipment Financing
I'm also looking for a good equipment financing broker i can split commissions with. Please email me at yoni@empiremerchantgroup.com
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