[mbark]

I'm looking for lenders that offer weekly payment options and that will fund a car dealership. The merchant is only looking for a weekly payment (he refuses to take a daily). Annual revenue is about 5.5m. Owner has a Fico of almost 800. Clean background, no other open balances. This is a first position deal. Looking for 100-150k. Let me know if anyone knows where to place this file.

[WestCoastFunding]

Can't see weekly happening. Do they service cars there?

[FundingCzar]

SBA loan. I don't know of anyone weekly's for dealerships unless someone new has popped up.

[nrh1lp]

LoanMe if they are in the right state for it. I believe they cap at 75K in most places though

[Zach]

WBL can offer this if the borrower has real estate.

[Jstarr]

I think I looked at this deal on the guy owns two. branded Ford dealerships with real estate at about 60% LTV I could be wrong, if it's not the same deal let me know what the balances are on his first position mortgage if he owns it outright I could offer him 70% LTV with monthly payments

[Zach]

I think I looked at this deal on the guy owns two. branded Ford dealerships with real estate at about 60% LTV I could be wrong, if it's not the same deal let me know what the balances are on his first position mortgage if he owns it outright I could offer him 70% LTV with monthly payments

If this is true, I can take a 2nd position lien against the real estate and secure the loan they are seeking. It would be a bit tight, but it could get done without paying off their mortgage.