Used Auto-8-18 month terms?
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  1. #1
    Senior Member Reputation points: 3088
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    Used Auto-8-18 month terms?

    I know of about 10 funders that will go out to 6-7 months, does anyone know any funders that will stretch 8-18 months (yes I know SBA funding).

    I don't want to get into a discussion about risk analysis here, I understand why terms are so short. Just want to see if someone is actually funding those terms in 2016.

  2. #2
    Senior Member Reputation points: 23085
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    IOU use to do autos, not sure if they do still. Another one would be Credibly.

    Curious myself to get an updated list.

  3. #3
    Senior Member Reputation points: 105
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    Quote Originally Posted by FCF Fund View Post
    IOU use to do autos, not sure if they do still. Another one would be Credibly.

    Curious myself to get an updated list.
    Provided the borrower has FICO over 620 and revenue of $1M+ annually. We would entertain up to $200k with no collateral (Real Estate). Funding in as little as 24-48 hours, with application/12-months bank statements, business debt schedule. Repayment terms (daily, weekly or monthly).

    Email me with specifics.

    Sean Najieb

    LiftForward, Inc.
    180 Maiden Lane, 10th Floor
    New York, NY 10038

    Sean@liftforward.com

    917.477.6534 (O)

    347.495.8088 (C)

  4. #4
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    Quote Originally Posted by FCF Fund View Post
    IOU use to do autos, not sure if they do still. Another one would be Credibly.

    Curious myself to get an updated list.
    Both IOU and Credibly no longer do used or new auto unfortunately.

  5. #5
    Senior Member Reputation points: 23085
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    Quote Originally Posted by snajieb View Post
    Provided the borrower has FICO over 620 and revenue of $1M+ annually. We would entertain up to $200k with no collateral (Real Estate). Funding in as little as 24-48 hours, with application/12-months bank statements, business debt schedule. Repayment terms (daily, weekly or monthly).

    Email me with specifics.

    Sean Najieb

    LiftForward, Inc.
    180 Maiden Lane, 10th Floor
    New York, NY 10038

    Sean@liftforward.com

    917.477.6534 (O)

    347.495.8088 (C)

    The question is do you go longer than 7 months?

  6. #6
    Quote Originally Posted by FundingCzar View Post
    I know of about 10 funders that will go out to 6-7 months, does anyone know any funders that will stretch 8-18 months (yes I know SBA funding).

    I don't want to get into a discussion about risk analysis here, I understand why terms are so short. Just want to see if someone is actually funding those terms in 2016.
    LoanMe can. Our terms are much longer 24-120 months. Borrowers can reduce the term to this 8-18 month term you seek by making payments above the minimum monthly payments required.

    We also can work with all "For-Profit" industries; so used auto isn't an issue.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  7. #7
    WBL
    We will do Car Dealerships under our bronze program 12mo.
    707-284-3026

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