Asset Based Lender - looking for $1.6M in asset
Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1

    Asset Based Lender - looking for $1.6M in asset

    Merchant has about $3.5MM in equipment (has an appraisal)

    TIB:10 years plus
    Industry: manufacturing
    Manufacturing Equipment: encumbered/free and clear
    Amount Requested: $1.2M
    Average monthly: $250k - $500k

    Thank You

  2. #2
    Senior Member Reputation points: 338265
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,472

    Quote Originally Posted by nass15 View Post
    Merchant has about $3.5MM in equipment (has an appraisal)

    TIB:10 years plus
    Industry: manufacturing
    Manufacturing Equipment: encumbered/free and clear
    Amount Requested: $1.2M
    Average monthly: $250k - $500k

    Thank You
    Hi Nass,

    We are asset based lenders. We have the ability to finance equipment, but need the facility to be receivables heavy. What is the outstanding accounts receivables?

    Best,

    Kevin

  3. #3
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    Asset Based Lender - looking for $1.6M in asset

    Nass, we can also handle this type of client. Since Kevin works for a bank he will always be less expensive then us.
    Bob Shaw
    rshaw@advancecredit.com

  4. #4
    Senior Member Reputation points: 16709
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
    Posts
    726

    try maxim. Unless they have solid AR try one of the above

  5. #5
    Hi Nass,

    If you are still looking for a home for this deal, at Alliance Funding we can generally come in anywhere from 3-6% on this type of transaction as long as the funding is for equipment. They do not need to be A/R heavy, they just need to cashflow for the last two years. Please get in touch with me if you are still accepting quotes.

    dgerson@alliancefunds.com
    714-922-7133

Similar Threads

  1. Asset Based
    By Collection Specialist in forum Merchant Cash Advance
    Replies: 0
    Last Post: 03-15-2016, 03:23 PM
  2. Replies: 1
    Last Post: 01-15-2016, 02:03 PM
  3. best asset based lenders?
    By SupremeCapitalGroupinc in forum All Other Lending
    Replies: 6
    Last Post: 03-31-2015, 10:44 AM
  4. Anyone do asset based loans
    By bostriba in forum Merchant Cash Advance
    Replies: 2
    Last Post: 03-02-2015, 04:02 PM
  5. asset based lending
    By JeffMulford in forum Merchant Cash Advance
    Replies: 3
    Last Post: 08-01-2014, 09:56 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%


DIRECTORY