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12-28-2022, 07:39 PM #1
- Join Date
- Sep 2022
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Equipment Loan for 4th or higher positions
We have been on hunt for direct funders who may be able to fund 4th position or higher for equipment.
Even though average monthly Revenue is at $200,000 there is already about $300,000 out standing balance on other equipment loans. Currently free cash flow look to be about $50K, so seems like it should support equipment loans with collateral. Also, can put 20% down on equipment.
Preferably looking for direct lender that emphasize equipment collateral help with underwriting.
Anyone got any suggestions? Thanks
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