equipment as collateral?
Need a Funder or Vendor? START HERE

Results 1 to 4 of 4
  1. 04-04-2017, 02:39 PM #1
    ADiamond
    ADiamond is offline
    Senior Member Reputation points: 52185 ADiamond's Avatar
    Join Date
    Apr 2014
    Location
    New York City
    Posts
    891

    equipment as collateral?

    client has a 2000 Barko 160d Loader w/ a john deere motor & ctr 350 delimer.

    (pic below is not of the actual piece but the same model)



    shows a value of about $40-45k, anyone have the ability to use it as collateral for a loan?
    Anthony Diamond
    Underwriter
    Reply With Quote Reply With Quote
  2. 04-04-2017, 03:13 PM #2
    Jplummer
    Jplummer is offline
    Member Reputation points: 817 Jplummer's Avatar
    Join Date
    Oct 2014
    Location
    Indianapolis
    Posts
    75

    We will. As long as we can comp it out and have it inspected. And of course if the customer qualifies.
    Jim Plummer
    Quality Leasing Co., Inc.
    A Tom Wood Automotive Company
    Office: 317-253-4415
    Direct: 317-845-8768
    Fax: 317-688-6420
    Cell: 317-512-9618
    www.qualityleasingco.com
    Reply With Quote Reply With Quote
  3. 04-05-2017, 07:36 PM #3
    Jonathon
    Jonathon is offline
    Senior Member Reputation points: 8659
    Join Date
    May 2014
    Posts
    187

    I can do around $20K depending on fair market value and it must be free and clear, PM me if interested.
    Reply With Quote Reply With Quote
  4. 04-10-2017, 09:16 PM #4
    therealrichzone
    therealrichzone is offline
    Member Reputation points: 349
    Join Date
    Jan 2015
    Posts
    70

    Your customer can get around 50% of the appraised value and buy it back over the next 3 to 5 years
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »

Similar Threads

  1. The money question...are you buying equipment? Any equipment to use as collateral?
    By Harrymetrix in forum Promotions
    Replies: 0
    Last Post: 05-18-2016, 05:03 PM
  2. Merchant has equipment/collateral. Who do you recommend?
    By Quickfunder in forum Merchant Cash Advance
    Replies: 35
    Last Post: 07-15-2015, 05:19 PM
  3. Small Equipment Financing 40K Purchase & Collateral against equipment
    By Fundyman in forum All Other Lending
    Replies: 1
    Last Post: 05-27-2015, 09:19 AM
  4. Merchant has great credit and 50K biz equipment collateral. Cash flow not impressive
    By bostriba in forum Deal Bin
    Replies: 4
    Last Post: 02-24-2015, 11:40 AM
  5. Equipment Financing For Used and New Equipment, Collateral Loans, Cash Adavances
    By marksbury in forum Business Loans
    Replies: 0
    Last Post: 04-04-2014, 05:34 PM


Posting Permissions

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

Forum Rules



INDUSTRY ANNOUNCEMENTS
Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle

DIRECTORY