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04-23-2014, 10:50 AM #1
- Join Date
- Apr 2014
- Posts
- 20
Who funds used car dealerships?
And any advance to revenue restrictions... meaning they can only take a max of X% of gross sales.. etc..etc..
Thanks in advance.
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04-23-2014, 12:28 PM #2
We can take a look.
mike@hcapitaladvance.com
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04-23-2014, 01:17 PM #3
Yellowstone will look at it 800-955-2411
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04-25-2014, 12:05 PM #4
- Join Date
- Apr 2014
- Posts
- 64
We can take a look at it. bruce@bdfunding.com
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04-29-2014, 09:29 AM #5
Unfortunately, from what I have seen, these deals go bad... at an absurd rate... like, 1/3 of them default... scary business...
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04-29-2014, 10:28 AM #6
- Join Date
- Aug 2013
- Posts
- 196
MFS Global will fund a car dealership.
isosupport@mfsglobal.com
702-473-1145
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04-29-2014, 12:02 PM #7
Who funds used car dealerships?
We'd like to take a look at it. Our rates are very competitive. Give me a call. 855-565-grow (4769) ext 32
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04-29-2014, 12:07 PM #8
- Join Date
- Mar 2014
- Location
- Omaha, NE
- Posts
- 325
Here are 5 MCA names who have funded car dealerships new and or used in the past 6 months.
MERCHANTS CAPITAL ACCESS LLC
YELLOWSTONE CAPITAL LLC
STRATEGIC FUNDING SOURCE INC
SOUND GARDEN
MERCHANT CASH & CAPITAL LLC
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04-29-2014, 01:01 PM #9
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04-29-2014, 01:51 PM #10
Car dealerships have the smallest margins, plus you're dealing with used car salespeople who will tell you anything for money. In my experience ive seen an almost 30-40% default rate in this industry.
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04-29-2014, 02:56 PM #11
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04-29-2014, 01:37 PM #12
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04-29-2014, 12:16 PM #13
- Join Date
- Jun 2013
- Posts
- 351
Rob, I am guessing that most of those are probably renewals on their existing good car dealerships they have funded in the past. These deals perform so poorly I'm shocked anyone is taking on new ones. I could only see the risk tolerance making sense for 2-3 month programs, but even then it is a risky deal.
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05-02-2014, 12:36 AM #14
- Join Date
- Mar 2014
- Posts
- 4
Who funds used car dealerships?
I own a used car lot in CA. Its too bad other car dealers make a bad name for the rest of us who are responsible and play by the rules. I got an advance from Main Street biz loans via WBL for 200k. I had a KILLER April while competitors struggled. Anyway maybe one day car dealerships will be able to get lenders again.
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05-22-2014, 12:46 AM #15
- Join Date
- May 2014
- Posts
- 42
I have an awesome program for Car Dealerships - just became available in the market - contact me to discuss file
Meet me and see if you Qualify http://ezcapital.us
Ben Corey
714-988-4469
*Ask me about our ISO program
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05-28-2014, 12:56 PM #16
Retail Capital will fund New and Used car dealerships. We require a minimum of 50K in monthly deposits and the deal has to be clean to qualify. We are not aggressive with the offer, however we will get them done.
Jeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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01-26-2022, 11:20 AM #17
- Join Date
- Jan 2022
- Posts
- 32
Send it over! iso@capital-infusion.com, cc: josh@capital-infusion.com
We have no bank charter so have the freedom and flexibility to do logic-based underwriting. Call me directly and let me know what you need to get it done. We like to get funky 305-306-3060
- A-/C+ paper (no high risk)
- 1-4 positions
- Monthly/weekly remittance
- Max Approval: $500k
- Max Term: 15 months
- Max Upsell: 13 pts
Send all deals to iso@capital-infusion.com, cc: josh@capital-infusion.com
Josh Waxman
VP Sales & Business Development
E: josh@capital-infusion.com
P: 305-306-3060
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01-26-2022, 03:20 PM #18
- Join Date
- Apr 2019
- Posts
- 318
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01-26-2022, 11:27 AM #19
- Join Date
- Feb 2017
- Posts
- 3,463
Another follow-up to a 2014 post?
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01-26-2022, 12:15 PM #20
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01-26-2022, 04:06 PM #21
- Join Date
- Dec 2021
- Posts
- 39
We can take a look, We don't have industry restriction
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