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09-21-2022, 03:41 PM #1Senior Member
Reputation points: 71496
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- Sep 2021
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- Irvine, CA
- Posts
- 2,200
So Johanna and Jordan came to me with a file they couldn't get anyone to do...
Truck purchase
Over 500,000 miles
rebuilt engine
$42,000 purchase price
Got them 100% financing for 4 years at $1,291 a month.
Required first and last month down plus $500.
My guy Tony was able to do it.
Reach out to him and mention my name.
Tony Borchello
phone: (888) 211-2192
mobile: (949) 800-5767
tony@financeitforward.comLast edited by Olderguy; 10-24-2022 at 11:43 AM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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10-20-2022, 09:25 AM #2Senior Member
Reputation points: 23085
- Join Date
- Nov 2013
- Posts
- 597
100% financing is tough with EF for trucking, good job. Was the merchant credit profile 650+ with 2+years TIB and a homeowner?
Originally Posted by Olderguy
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10-20-2022, 10:23 AM #3Member
Reputation points: 817
- Join Date
- Oct 2014
- Location
- Indianapolis
- Posts
- 75
That is a 47% almost 48% rate. We can do these types of deals with a lot better rate than that Originally Posted by Olderguy
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
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10-20-2022, 10:44 AM #4Senior Member
Reputation points: 71496
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,200
No...I think it was 1.14 buy 1.22 sell if I recall. Some other numbers involved if I remember. Originally Posted by Jplummer
Last edited by Olderguy; 10-20-2022 at 11:55 AM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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