Need a lender for: 2nd position for auto dealers
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  1. #1

    Need a lender for: 2nd position for auto dealers

    Thank you. We are an ISO need more options for this type of merchant.

  2. #2
    Senior Member Reputation points: 54989
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    I don't think this forum is for lenders. Almost all of us here purchase future receivables at a discount. now for some reason Auto sales merchants don't work out well for most who tried. otherwise will look at any files we feel we have a pathway to collect. (FEW HOUR OFFERS / PAY DOUBLE DIGIT COMMISSIONS/ FEW STIPS/ ADJUST OFFERS/)
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  3. #3
    Senior Member Reputation points: 158630
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    "I don't think this forum is for lenders. Almost all of us here purchase future receivables at a discount." GURU

    I get what you are saying here, Guru. And you mean well.

    However, you are way off base these days thinking that "almost all of us here" applies anymore. Not even close. It is a very diverse crowd, just get up from your 2008 Gateway computer and look around once in a while.

  4. #4
    Senior Member Reputation points: 49940
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    Dave,

    We can make 2nd position offers on auto sales if they have consistent strong revenue, clean MCA payment history, and daily ending balances that can support an additional advance. If you are not already set up with a rep over here at Yellowstone, please feel free to reach out.

  5. #5
    Thank you for your replies.

    We have been in business for 6 years. Please excuse my flippant deployment of the term "Lender" in lieu of "MCA; Purchaser of future business income; etc." It was not my intention to spark a diatribe.

    We already have partner lenders for many situations. Every underwriter or company has a desired market position/loan risk parameters.

    I am simply looking for more options in this narrow category, wherein there is a limited range of underwriters who feel confident putting their capital on the line.

  6. #6
    Senior Member Reputation points: 54989
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    Try cresthill we put new capital on the line evrey few minutes !
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  7. #7
    You mean Mantis?

  8. #8
    Senior Member Reputation points: 18402
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    Lol

  9. #9
    Senior Member Reputation points: 3366 Accord Business Funding's Avatar
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    Houston, Texas
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    Sent PM
    Kevin Dinh

    3131 Eastside Street, Suite 350
    Houston, TX 77098
    P: 713-322-9743
    Email: kdinh@accordbf.com
    Web: https://go.accordbf.com/DF-Partners/

  10. #10
    LoanMe is a Direct Lender and works with Auto Dealerships. Approvals are based on affordability so if a the 1st position wasn't too recent we should be able to work with the file. Please contact us for more on our term loan product.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

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