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zeraphinn
49 Posts |
 Posted - 02/22/2008 : 2:05:50 PM
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Any one have experience brokering business loans or unsecured commercial lines of credit or merchant loans, equipment loans, etc..?
Is there a good source of information on wholesale lenders that specialize in this type of financing? Like a Scottsman's for Business loan lenders?
I recently started looking into this but it seems this market is not as organized as the mortgage industry is and there are not nearly as many resources.
Any info, advice or links will greatly appreciated...
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wcaldrichjr
72 Posts |
Posted - 02/22/2008 : 4:11:10 PM
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| Go thru Scotsman guide under hard money commercial. It will be a pain but if you go visit the lenders you will find some that do business type loans or recievables loans etc. If you are looking to find a business that wants to borrow on their receivables I can assist it is called factoring but otherwise just start going down the list. |
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KHufford
6019 Posts |
Posted - 02/22/2008 : 4:31:06 PM
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I have sources for unsecured lines of credit and also for factoring.
Do you have deals needing closed or just trying to learn? If just trying to learn I imagine googling it would help, and calling the banks.. |
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zeraphinn
49 Posts |
Posted - 02/22/2008 : 6:55:15 PM
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No deals now. But I have turned down request in the past.
I googled and got some lenders like Capital One and Wells Fargo.
Other firms come up but it is not clear if they are lenders or broker firms.
It will take some calling and inquiring of course.
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wcaldrichjr
72 Posts |
Posted - 02/23/2008 : 4:13:15 PM
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| If you do come across any receivables business let me know as we have a division in our office that specializes in factoring and they are the money so no broker/conduit here it is direct. |
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KHufford
6019 Posts |
Posted - 02/23/2008 : 4:22:14 PM
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quote:
Originally posted by zeraphinn
No deals now. But I have turned down request in the past.
I googled and got some lenders like Capital One and Wells Fargo.
Other firms come up but it is not clear if they are lenders or broker firms.
It will take some calling and inquiring of course.
You can "broker" these to a bank. You have a fee agreement with the client and you get paid as a consultant of sorts.
Call me if you need more explanation
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zeraphinn
49 Posts |
Posted - 02/26/2008 : 9:58:19 PM
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quote:
Originally posted by wcaldrichjr
If you do come across any receivables business let me know as we have a division in our office that specializes in factoring and they are the money so no broker/conduit here it is direct.
Thanks for all the info everyone.
Isn't a conduit a lender a lender who funds with their own funds and then sells their notes on a secondary market by pooling assets from different types and classes and selling them to other lenders or investors, thus creating an intermediary to achieve massive funding based on the equity in an entire estate or large group of unique collateral. By Hedging in the secondary market they help to mitigate the risk assumed by these lenders or investors, thus driving down the rates and making conduit lending a competitive alternative. |
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