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3 Replies Last post: Jun 3, 2008 8:06 PM by dtominus

Repossession Business - Worthy of Loan/LOC ?

Mar 20, 2008 4:04 PM

Click to view RepoMama's profile Professional RepoMama 3 posts since
Mar 20, 2008
Good day all!

I am a co-owner of a family owned Repossession Business in SF Bay Area.
We have been up & running as a Corporation pretty well since 1953
and are FINALLY looking into getting some money for trucks, equipment
and cash to sit on and who know, we might even move locations. The
amount we are thinking is in the ballpark of $175k to $250k MAX.

Truth be told, we both have average FICO scores and want to get the
ball rolling by month's end. We have a D&B rating that is fair and
some corp cards in the corp name(2 I think). However, EVERYWHERE I turn
it's the same line, "we need your personal information" for a BUSINESS
LOAN. HELP!

I truly look forward to insights and ideas.
I am working on a business plan and financial papers at this time.
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Click to view LUCKIEST's profile SCORE LUCKIEST 8,118 posts since
Aug 6, 2007
1. Re: Repossession Business - Worthy of Loan/LOC ? Mar 20, 2008 5:27 PM
Repo, Repossession Business. It is a whole new world out there.
Banks and lenders want to see it all.
They want to know your business and they want to know who owns the business.
*So is there a reason you do NOT want to show * personal information??
Keep working on a business plan and financial papers at this time.
Do you know about SCORE?? SCORE helps people in business FREE.
LUCKIEST
Click to view brinat0318's profile Mogul brinat0318 28 posts since
Apr 15, 2008
2. Re: Repossession Business - Worthy of Loan/LOC ? Apr 17, 2008 4:28 PM
If your credit scores are average it may take awhile to obtain financing. Have you considered credit restoration programs?

My company can assist with the credit restoration & if we can get your scores up to 700+ we can assist in a business line of credit for the amounts you are looking for.

If you are interested in the programs I mention, please reply to this post for further details that we can discuss outside of this forum.
Click to view dtominus's profile Mogul dtominus 109 posts since
Jun 3, 2008
3. Re: Repossession Business - Worthy of Loan/LOC ? Jun 3, 2008 8:06 PM
if your company takes credit cards for payments i can get you the loan
please call me at 727-545-9530 ask for david