Wednesday, May 02, 2018

Why does a food truck lender ask about capital in reserve?

When I’m talking to a food truck buyer, particularly a first-timer, I ask whether or not they have any capital in reserve.  I need to know if something goes wrong they can still make their monthly loan payment.

They often respond “if I had any capital, I wouldn’t be coming to you for a loan!"

Here are two recent stories about food truck entrepreneurs who suffered the consequences of a fire or a blown engine.

http://www.newsobserver.com/living/article209872724.html

http://nooga.com/215767/rolling-js-food-truck-owner-launches-kickstarter-for-new-restaurant/#.WtYfKfRIsZk.twitter

If you’re acting as a lender or lessor, you should make sure your operators have either capital in reserve or the right insurance coverages!

Need help with a food truck loan?  Please let me know.

Are you a business who needs equipment financing or working capital?  Marshall Lebovits of Asset Based Funding Solutions has over 30 years of experience in the secured lending industry.  He can be reached at (310) 344-2522 or via email at Marshall@Funding911.com.

Monday, February 26, 2018

Equipment Lease Line of Credit – Rates too Low to Mention!


A major telecom services company was recently referred to me as they were unhappy with the service and lease rates they were receiving from their existing leasing company.

After a quick review of their financials, I introduced them to a major independent leasing company.

Within seven days, they received approval and accepted an offer for a $2 million lease line of credit to cover their 2018 IT equipment purchases.  The lease line was structured with a fair market value purchase option.

The CFO was pleased with a great solution that will enable the company to better manage residual risk and equipment obsolescence.
 
The rates?  If I told you, I would be in big trouble!

Are you a business who needs equipment financing or working capital?  Marshall Lebovits of Asset Based Funding Solutions has over 30 years of experience in the secured lending industry.  He can be reached at (310) 344-2522 or via email at Marshall@Funding911.com.