Results 1 to 15 of 15
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08-15-2022, 12:15 PM #1
- Join Date
- Jan 2022
- Posts
- 10
Auto Sales 500k to 675k per month
I know Auto Sales is a tough industry to fund.
I have a used auto sales dealership grossing between 500 to 678k a month in deposits. Personal credit score 675. 2 years in business. They are looking for working capital for expansion. Looking for atleast a 9 month term. Seeking between 150k to 500k. 500k is really what's he seeking but I told him he may need to lower his expectations. 150k is the lowest he will take. Preferably weekly payments. If its not in your wheelhouse, I understand. If it is, please dm me.
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08-15-2022, 12:21 PM #2
Assuming Sales, no service...
Mr. Advance
Pearl
FundMe
24 CapitalSteve 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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08-15-2022, 12:22 PM #3
- Join Date
- Jan 2022
- Posts
- 10
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08-15-2022, 12:34 PM #4
- Join Date
- Nov 2019
- Posts
- 669
My company will do car dealers but we cap at 6 months and need tax returns on submission due to super high cot of goods. But our first position deals work like a line of credit. Every 3 months or so we would just add on more money to the back of the open balance and keep the payment the same and when the old balances finish they start paying on the new one. So term does not matter if they keep renewing since they will get the rate of a 6 month term of a period of several years.
Scott@tmrnow.com
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08-15-2022, 12:41 PM #5
- Join Date
- Aug 2014
- Posts
- 620
Hi Ryan, this seems doable pending their daily balances and rev consistency. 9 months will probably be a stretch, but ill try to get as close to it as possible. Please feel free to reach out if I can be of any help.
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08-15-2022, 05:04 PM #6
- Join Date
- Jul 2022
- Location
- BROOKLYN NY
- Posts
- 60
if you want shoot it over we can take a look at it for you Leon Davis
Funder / Iso Relations
Brickstone Fund
Phone: 347-433-7727
EMAIL: Leon@brickstonefund.com
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08-15-2022, 05:37 PM #7
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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08-16-2022, 10:25 AM #8
- Join Date
- Apr 2022
- Location
- New York
- Posts
- 78
Won't be a 9-month term but I'll give you the dollar amount he wants
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08-16-2022, 10:55 AM #9
Hi Ryan, 24 Capital funds used auto, full underwriting up-front, offer within 2 hours with an aggressive commission built in for you. My contact information is below, I look forward to connecting with you! Ian
203-705-8764
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08-16-2022, 11:31 AM #10
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 497
If they have strong credit card sales volume we can consider it. Even better if they have a service facility.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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08-16-2022, 01:07 PM #11
- Join Date
- May 2022
- Posts
- 98
this sounds doable. Send it over.
Our funding Criteria:
- 5k minimum funding
- B, C, D paper
- Offers not based on credit score - low credit ok
- Response time (realistically) as low as 60 minutes
- 1st - 5th position - Up to 38% withhold of net deposits
- As low as 1.32 buy rates
- Terms up to 140 days (weekly's upon approval)
- Max Upsell to 15 points
- Early Payoff Discounts
- 15k a month average revenue
- Minimum of 5 deposits per month
- Minimal stips (VC & ID)
- Docusign Contracts
Michael Ross
Lendbug
New York, NY
Mross@lendbug.com
646-360-0411
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08-25-2022, 12:22 PM #12
- Join Date
- Sep 2018
- Posts
- 2
Auto sales 500-675k we can get that client private equity funds and also sblc funding beyond what a mca can do call me 574334021
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12-18-2023, 05:41 PM #13
- Join Date
- Mar 2023
- Posts
- 46
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12-18-2023, 06:29 PM #14
I am not signed up with them but one of my brokers is and he sends his auto deals to them.
https://pearlcapital.com/Last edited by Olderguy; 12-18-2023 at 08:26 PM.
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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12-19-2023, 10:58 AM #15
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
Midwestern Financial Solutions
CEO
Office - (954) 694-6402
email- Info@midwesternfinancialsolutions.com
MidwesternFinancialSolutions.com
Where your box ends ours begins.
https://www.linkedin.com/company/mid...ial-solutions/
linkedin.com/in/brandon-cooper-426615267
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