ForumsFinancing Tips

Are there restrictions on industries you can help? My bank is not looking favorably on the travel industry, but we are still doing okay. We just need bridge money to keep us moving.

Jen.
JSarles Travel

Anyone need help acquiring financing??

Try Tada12, they need help financing a car wash

Hi Mike G</<br /> We could use any amount from $100,000 to $500,000 on a two year note paying no more than 9% APR, with monthly payments to include interest and principle. Our credit score is over 700 and we are current with all our floor plans and have a line of credit with a current balance of $667,000.00 this is our limit with this one company, they can not give us an increase at this time, we have always been current with them, last months payment to them was $47,000.00. Our receivables are over 1,250,000.00 with a 98% up to date payment history, we could sell our notes, but this would cost us a lot of profit.+*
+ We have been in this location since 2002, our building is valued at $700,000.00 and we only owe $250,000.00 but our bank, that we have been with since 2002 and never missed or even been late on a payment will not let us get any equity out.+
*+ The extra money will be used to fund more sub-prime customers and should put our sales over $3,000,000 next year, this year we will end with a little over $2,500,000+ *
+ We are not interested in funding from credit card sales, we do very little in credit cards, it's mostly used for our rental car business and auto repair business, although some of our buy here pay here costumers make there monthly payment by phone. If you think you can help, give me a call.+

SINCERLY
Dave Wilson
*http://www.carz4you.com *

crazy-
Have you considered using your AR's for an asset-based LOC? It is similar to factoring, but with more money management placed in your hands. The line is paid down by the AR's being paid, but you only draw on the line when you need the money, which helps control the cost. The line is based off prime + (annual rate), along with a 1-2 point monthly line fee.

If you would be interested in discussing this I would be more than glad to answer any questions you have. One of our requirements is that your AR's are with other businesses and not consumers. We do factoring as well, and are very competitive. We also try to customize our ABLs and factoring deals, where we review your AR aging report, and will leave out those who pay late (over 70-90 days) to minimize cost.

Either way, best of luck and please feel free to call me anytime.

Cordially,

Dac Cantley
HomeCoast Capital
843-329-1824
dcantley@homecoastcapital.com

I am looking for financing and would like more information! Please email me at mlshortsleeve@yahoo.com. Thank you!

*+
+ Sounds interesting, but that type of software would not work for us, we could use a good car dealer software, if you have a software company with this type of software maybe we could do this deal, our current software company may be interested in upgrading us if they could gain financially, it's called CARLOT MANAGER at 1-321-693-3544 (sales).+

+ We are open to any ideas to legally raising extra funds.+

THANKS
Dave Wilson