Results 1 to 5 of 5
-
03-16-2017, 03:31 PM #1
- Join Date
- Aug 2016
- Posts
- 16
Canadian Company- Equipment Financing- located at their California Location. $360k.
I have a Canadian Company looking to finance $360k in Equipment. Great credit, and 10 years TIB. The revenues were only $500k last year, projected $1.5 Million this year. They are willing to do $250k and pay the rest as the financials might not back up financing the full $360k. They also have $1.8 million in equipment that they bought last year free & clear and are willing to cross-collateralize- Equipment is at their California location. PM me if you can get this done or know someone who can. Direct lenders only please- usually with Canadian equipment deals the points are low so wouldn't make sense to co-broker. Thanks.
Last edited by christian04; 03-16-2017 at 04:36 PM.
-
03-16-2017, 03:57 PM #2
Hey,
Might wanna check these guys out!
http://www.cleleasing.ca/en/brokers.htmlNick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
-
03-16-2017, 06:04 PM #3
I think I have a home for this....PM me with your contact info.
-
03-22-2017, 11:46 PM #4
- Join Date
- Jan 2015
- Posts
- 70
I'm not a direct lender but that doesn't mean my rates are high or my terms are hard. Your deal may or may not be a slam dunk. Because the deal is $360,000, your clients will have to show 2 to 3 years of financials and hopefully that $500k they made last year was their net income, not their gross income. If it was their gross income their single digit rate just went up and they'll have to put up part of their $1.8 free and clear equipment to secure their credit approval.
-
03-27-2017, 08:20 AM #5
Feel free to check out Fast Capital 360 (Not trying to self-promote here). But we do have programs that work for everyone.
Not sure if you are still looking for funding.Fast Capital 360 - Fast, Transparent & Fair Small Business Loans.
Similar Threads
-
Tourism Company - 1MM a year, 3 1/2 years in business, credit hurdles, needs a home
By Cambridge in forum Deal BinReplies: 6Last Post: 02-02-2017, 10:03 AM -
Bad Credit Equipment Financing
By creloan in forum PromotionsReplies: 0Last Post: 01-28-2017, 05:24 PM -
Need Equipment leasing/financing option for trucking company
By Maverick in forum All Other LendingReplies: 1Last Post: 01-25-2017, 08:25 AM -
Is your client in need of a Line of Credit, Equipment Financing, or MCA refi?
By Harrymetrix in forum PromotionsReplies: 0Last Post: 08-04-2015, 02:38 PM -
Merchant has great credit and 50K biz equipment collateral. Cash flow not impressive
By bostriba in forum Deal BinReplies: 4Last Post: 02-24-2015, 11:40 AM