Used Auto Sales- 2nd Position
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  1. #1

    Used Auto Sales- 2nd Position

    I have a merchant that is depositing $1,500,000 to $2,250,000 per month. Daily balances are strong. The merchant has a 1st position of @ $150,000 with a perfect pay history and is seeking a large 2nd position. Direct Funders only please.

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    I messaged you, lets get this funded.

  3. #3
    Totally doable...message me and let's do this.

    Kyle Readdick, CEO
    Synergy Direct Funding
    2525 Camino del Rio S
    San Diego, CA 92108
    p: [866]428-0172 | f: [888]372-6007
    w: http://synergydirectfunding.com

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    With real estate collateral, WBL can offer up to $2MM for this borrower.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
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    While we do deploy our own Capital (typically as a short term Bridge to a larger credit facility), we would act as an intermediary here. If the client ONLY has the MCA debt (which is likely NOT the case), the amount of Capital that can be arranged would be closer to $3M.

    All in the details:

    Industry type?
    Gross Profit Margin?
    Other Debt on Balance Sheet?
    What is the anticipated use of funds?

  6. #6
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    Quote Originally Posted by eljets11 View Post
    I have a merchant that is depositing $1,500,000 to $2,250,000 per month. Daily balances are strong. The merchant has a 1st position of @ $150,000 with a perfect pay history and is seeking a large 2nd position. Direct Funders only please.
    I do get a chuckle from these postings "Direct Funders Only" in the "Deal" area of this forum.
    Your seeking assistance on a deal that you have not been able to place via your normal channels and you want to dictate terms.

    Amazing.

  7. #7
    How much are they seeking in the second position? Our rate starts at 5% and we are able to lend up to $5,000,000. We have short term and long term programs and our owners have 40+ years experience in cooperate business financing so we are very familiar with these types of situations. You can email, text or give me a call me if you have any questions, I would be happy to assist you. Have a great day.

    email- john@verticalbizfunding.com
    office- 201-258-7720 ext-412
    cell- 201-563-9156

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