Auto sales
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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    CALIFORNIA
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    930

    Auto sales

    Who does used auto sales very small deal.
    Colorado.
    1st position
    Deposits
    June 7,406
    july 2,859
    Aug 10,540
    September 9,335

    No nsfs ending balances around 1800

    thanks

  2. #2
    Senior Member Reputation points: 3088
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    Guy needs a business not a hobby. No one will do that deal, I would steer him towards an SBA loan if his credit and TIB are decent.

  3. #3
    0% Chance.

    Car dealers make anywhere between 5-10% on each sale. Do the math...
    ​Ron Hizkiyahu
    Business Development & ISO Relations

    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 212.994.6996 Ext.101 | F. 646.219.7949
    ron@vitalcapfund.com

  4. #4
    Senior Member Reputation points: 3088
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    A personal line of credit or personal loan would also make sense here until revenue picks up enough to support a traditional loan/advance.

  5. #5
    Senior Member Reputation points: 3824
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    Auto sales

    Deals this small are a waste of time. You are going to make 1200$. Why would you waste your time.

  6. #6
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Its called repeat business and good business service. Plenty of deals started at 10k advance, 2 years later they still come back to me for 100k.
    It will take me around 45 minutes to do a 10k deal. Some people around here seems to have plenty with comments that don't help anyone. 1200 bucks is all net form me


    Quote Originally Posted by anydealfunded View Post
    Deals this small are a waste of time. You are going to make 1200$. Why would you waste your time.

  7. #7
    Evolution Capital Group
    funding@evocapitalgroup.com
    888-624-2561

  8. #8
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    Quote Originally Posted by CEVOLUTION View Post
    Evolution Capital Group
    funding@evocapitalgroup.com
    888-624-2561
    So you are saying you fund used auto dealers that deposit less than $10k a month or are you just polluting this thread?

  9. #9
    Senior Member Reputation points: 47257
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    Basalt CO
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    Quote Originally Posted by brokerCompany View Post
    Its called repeat business and good business service. Plenty of deals started at 10k advance, 2 years later they still come back to me for 100k.
    It will take me around 45 minutes to do a 10k deal. Some people around here seems to have plenty with comments that don't help anyone. 1200 bucks is all net form me
    Right, this anydealandy guy is a clown. Last time i checked, $1200 is $1200. So shortsighted.
    Last edited by skideeppow; 10-19-2016 at 11:06 AM.

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