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12-30-2016, 09:59 AM #1
$10K ABL vs. Vehicle, using Personal Bank as Qualifier? Business Account Open...?
I have a client w/ F&C title on a 2012 MKX SUV looking for an asset-based loan.
Limo company offering corporate svcs, but company went south due to all past partners venturing into their own thing at once.
Credit avg: 578
Business still does about $20K/mo, but owner had to open new business account.
In the meantime, he has been making deposits in personal account.
You can certainly fund the business account.
Is that feasible? If so, who will do it? Please PM me now, or let me know if you are an ABL lender who will do this.
Looking for as close to 75% or more of liquidation on this.Last edited by Fundyman; 12-30-2016 at 11:00 AM.
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01-03-2017, 11:37 AM #2
- Join Date
- Oct 2016
- Posts
- 4,318
This ain't happening.
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01-04-2017, 12:35 PM #3
- Join Date
- Aug 2016
- Posts
- 16
Hows it going ? Just wanted to reach out and let you know I pay brokers 70% of commission on all deals if you have any dead deals or deals you would like to work on just let me know my email is jlocklear@locklearcapital.com I look forward to hearing from you.
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