Allbex
Financial specializes equipment sale-lease-back transactions, and Medical Doctor
Loan, Working Capitol Loans
Since 1992, equipment
refinancing, working capital
loans for all MD's, Dentist, Chiropractors, Medical Professionals,
business loan, working capital loan, leasing, equipment refinance,
business working capital, leaseback equipment
Equipment
Equity Loans
Available
Nationwide, in the contiguous USA. (Since
1992)
WE ARE SPECIALIST IN EQUIPMENT RE-FINANCING /
SALE-LEASEBACK
TRANSACTIONS, WHICH PROVIDES
WORKING-CAPITAL.... FAST FUNDING
Option "A"Equipment
Refinancing.
Funding $15,000 to $350,000
Approval 3-7 banking days.Scroll down to the short Inquiry Form See Overview below.
Option
"B" Asset Loan.Funding $500,000 to
$15 million Asset Collateral Loans
using:
Equipment, Real Estate, or Account Receivables. Click on the Tab, top left. OR scroll down for more information.
Option"C"Program.
Funding $50,000 to $50 million.
Equipment Sale Leaseback, using Auction Values. Click on the Tab, top left. OR scroll down for more information.
__________________________________________________________________
Option "A" Overview:
Only
a One Page Application required Equipment
is to be OWNED free and clear No
documentation, or tax returns No
application,
or processing fees Requires
a minimum Credit-Score of 635
+ Cash
flow is not
an
issue, stated income Sales
tax is paid monthly, not all at once Equipment appraisal,
none required, our Vendors performs the valuation Proprietorships
are OK;any
business organization structure is acceptable Equipment
pricing, is today's approximate market value No invoices required Equipment stays put where it is, no interruption in the use of your
equipment LTV, Loan/Lease
To Value, is approximately 75% - 78% of the vendor’s valuation Terms are 36, 48, or 60
months; generally the Buy-Back is only $1.00 at end of lease Business
is to be owned 1 year, if credit is very good, 18 months some cases, or TIB of 2
years min. Restaurants/food
stores to be owned a minimum of two years, and applicants credit score of 650+ No open tax
liens, or bankruptcy within
five years, or longer in some cases Funding
3-5 days after approval, receipt of lease documents, and site
inspection if any. Use the money for business or personal
reasons How it works: The
applicants equipment is acquired by our Vendor with a bill-of-sale, and then the
applicant leases it back. The applicant is paid cash/yield for their equipment
by our Vendor. The transaction
is structured as an equipment lease, to $50,000 +/-, with some applicants
approved to $75,000+/- per lease, or more.Multiple
subsequent consecutive leases may be available if the transaction qualifies. It depends
on the strength and weakness of the applicant, company, and the amount of
equipment. No Start-up business.
The
approval process is quick, and less demanding than most other similaroptions. If a company needs more cash flow Option “A” is a quick
solutionto get Working Capital in a short time especially,
if a company hasn't bankable P&L
numbers, or they
are in a hurry andneed cash....
SAMPLE
OF FUNDED TRANSACTIONS for OPTION "A" :
Recently
funded: machine shop, auto repair, chiropractor, ceramic business, dentist,
publishing company, bowling lane equipment,
medical practice, publishing businesses others.....
Recently, a manufacturer of
tools and dies that also provides power mental components received
close to $200,000 working capital in a little over thirty days. Recently, an east
coast Ford New Car Automotive Dealership found themselves in need of
cash quickly, an amount of over $300,000, cash yields to the owner of the
Dealership were between $49,000 to $90,000 which totaled to over $350,925 and
funded in a short period of time, without having to provide business or personal
tax returns, or financials, and did not have to provide cash flow
schedules. Recently a corporation in CA
that was not bankable… was looking for working capital and our equipment
refinancing / sale-leaseback program got the client over $225,000 in a
short time frame. Recently, a Chrysler
Jeep New Car Automobile Dealership required over one hundred thousand
quickly and our equipment refinancing program got him over $130,000 in 13
business days. Recently, an ISP (internet service provider) was
looking for $300,000; the deal was structured and funded in a short time
frame. Recently an AAMCO Transmission
Franchise was funded and received $35,000 in about one week, about a year later
they came back requesting additional expansion capital money, which
was provided. We have had many, many other transactions in the past
years....Since 1992.
The
following equipment new or used may be considered: Most
all equipment may be used: construction equipment, auto repair shop
equipment, chiropractor equipment,
dentist equipment, medical equipment,print shops, manufacturing and industrial, presses, mills, lathes,CNC
machines, printing, dry cleaning, laundry, machine, metal
shops, plant, manufacturing equipment, HVAC equipment, automotive repair,
backhoes, forklifts, compressors, alarms, all "IT"
equipment, most all medical
and healthcare medical equipment, desktop computers, notebooks, network
computer systems / servers, switches routers, office automation, software, printers, scanners, copiers,
monitors,
telecommunications, phone systems, point of sale, cubicle stations, hardware,
diagnostic machines, video, audio, security, alarm systems,
manufacture plant, and shop equipment, surveillance systems,
smog diagnostic machines, commercial signs, most signage, and related
equipment, rehabilitation and health, landscaping equipment,
excavation, industrial, construction equipment, printing
equipment, dental equipment, presses, most
all equipment can be used for our refinancing program.
Unsolicited Recent
Option "A" Comments for
your Review:
Hello
Patricia, "We
have a working
capital account with (deleted) company which is not secured by
equipment. We previously dealt with a broker who contacted (deleted) company on
our behalf, but we found this broker had an "F" rating from the
Greater Los Angeles BBB, so we ceased contact with them. One of the reasons
we contacted your company is that you have no BBB complaints and an
"A" rating. Thank you for your continued effort". L. Van Hagen (The forgoing comments were unsolicited and this endorser
was not paid for such) ___________________________________________________________________________________
"Thanks
Carl, Allbex did
this leaseback when we were turned down first at a few other places for ‘too
low loan amount’ ‘too big equipment’ etc…It was handled very
professionally and both the client and myself are happy! I will be using
Allbex again. Your procedures ultimately made me understand how the
leaseback works, the tax
advantages, the two or three types of
programs and the time line". Thank You, A.
James (The forgoing comments were unsolicited and this endorser
was not paid for such) ___________________________________________________________________________________
"Thank
you for your quick response. Your company by far has the best presentation
and program compared to other sale and leaseback companies I have
seen. I appreciate your quick response".
Thank you,
Steven C.(The forgoing
comments were unsolicited and this endorser was not paid for such) ___________________________________________________________________________________
IF YOU NEED WORKING CAPITAL FAST.... Click on our
"Application Forms" Tab (top left)
To request
information on our Option "A" Program and to receive the one page application,
please complete the short inquiry form below.
You will be e-mailed the information and the
application within a few hours of our receipt of your inquiry.
Option "B"
Collateral Asset Loan / Funding $500,000 to $15 million
Overview: OUR INVESTORS ARE ABLE
TO OFFER VIABLE
ALTERNATIVES TO CLIENTS
WHO NO LONGER MEET
BANKS' LENDING STANDARDS,
OR COMPANIES WHO
HAVE ENCOUNTERED OBSTACLES IN
OBTAINING TRADITIONAL
FINANCING.
How Collateral Funding works: Loans are
structured against one of the following hard collateral assets, or a combination
of
two or three categories of assets: heavy equipment, yellow iron construction
equipment, real
estate, and/or accounts receivable. Applicant may be required to pledge one or
more of their
assets to secure the funding of a loan, that is structured as a Lease.
Note:
If a transaction has good quality construction equipment/yellow iron, and/or
titled vehicles,
and/or real estate…. and if a transaction has extenuating circumstance we may
consider
transactions as small as $250,000 or higher. For other criteria transactions,
the minimum loan
amount is $500,000
Approval of a loan is based primarily on the asset valuation criteria
….not the credit of the
applicant or the cash flow of the company. However, other criteria may
apply.
Funded
Recently: $650,000
Purchase of used excavators.
Client was declined by all traditional lenders, client
had a 560 credit score. Client/Lessee pledged other construction equipment,
(excavators and
bulldozers) to secure the deal/transaction. Timeline was 17 days from state to
funding. Lease
rate factor was .035, with a 48 months lease. $1,100,000
Equipment Sale Leaseback. APharmaceutical Packaging and manufacturing
entity was in a start-up mode, and was obtained in a windfall opportunity, was
appraised for
auction value of $2,000,000. The credit score was 634, the Lease rate factor was
.032, with
a 48 month lease, transaction was funded.
$4,500,000 Loan for a Cosmetic
Manufacturing Company. A
Lien was placed on equity
valued at $8,000,000, and a second trust deed Lien placed on commercial real
estate as a
reserve. The companies bank asked the investors to buy the companies debt
because the
borrower was out of compliance, which was accomplished and the transaction funded.
Paper Work Required: Lease
application, Personal Financial Statement of
each principal. Summary Letter,
tell us about your request, list both positive and negative attributes of your
financing
request.Equipment
List, list the equipment being used as collateral, and/or the
equipment that you want to lease purchase. List any other of your assets
available
to secure the financing you have in mind. The Application, and the Statement
Forms will be
e-mailed to you upon receipt of the following Inquiry form.
Click on our Option
"B" Program Tab (top left) for additional
information on this Working Capital program ________________________________________________________________________
Overview
of the Sale Leaseback Option “C” Program Hard
Assets/Heavy Equipment Sale-Leaseback:
The
minimum loan amountof a sale-leaseback transaction is $50,000 The maximum funding amount
is $10 Million, determined on a case-by-case basis.
Credit
Scores
of applicant:
ideal credit scores should be about 660, the lowest about 600 or above. The
acceptability of a low score will be influenced by the time the applicant has
owned their business, the financial strength of the applicant, the equipment,
and the amount of approved equipment involved. Owners of desirable heavy
equipment collateral, may permit the applicant to have a lower personal credit
score, and their credit score may not be as critical in the decision to approve
the applicant. However, the overall financial strength of the applicant is an
important ingredient.
Bankruptcy
and Liens:
may be acceptable after three years, if there have been no credit derogatory
since that incident, and financial status is strong and with acceptable
equipment. Applicant
is to have owned:
their business one year or longer, in some cases twelve, or eighteen
months, or more. Less than two years requires appropriate equipment and strong
financials. It may be possible to cross- collateralize the equipment for
the lessee, to help secure the transaction. No start-up business.
Equipment
collateral:
the minimum acceptable dollar amount of an individual piece of equipment, that
is submitted as collateral must have an original purchase price of a minimum of
$10,000.00 for traditional equipment, and for heavy equipment the minimum is
$15,000.00
No appraisal cost: provided the Auction Value can be determined
off the Internet.
No upfront fees or costs: as long as the Auction Value can be
determined off the Internet. Equipment
Leases: typically
50% to 70% of the auction value, which is determined by the investors.
Interest
Rates:
typically will be about 15% +/-, depending on credit strength and type of
equipment.
Lease
Terms:
are 48 months and 60 months. Transactions over $500,000 are 72 months and
84 months.
Equipment: most all (Non-Hazardous/Occupation)equipment is acceptable, (No Home Based Businesses). The acceptability
of approved equipment will be influenced by time in business and the overall
financial strength of the applicant. The equipment must have a VIN# or a serial
number. Hard assets/heavy equipment refinancing does much better in today
market. This program is asset-based and strong financials are not always n
necessary when the equipment is hard assets/heavy equipment.
Overview
of Procedures: Step
1
Applicant
is to complete the Business Application, and the List of Equipment
forms. Upon Allbex receipt the two forms, underwriting will commence the process
for a preliminary credit decision. Note, the Application and List of Equipment
must be legible and without missing information, anything less then the
information requested may cause the process to terminate. Find the two forms in
the attachment. Fax to my Attention at our Internet faxnumber:415-946-3307.
A short timeafter Allbex receives the application and the equipment
list(s) from the applicant, they will be notified of their approval to proceed
to an anticipated funding, or their application will be declined.
Step
2
Assuming
the application and list of equipment are acceptable and preliminary approved,
the following information will be required to commence with final approval and
subsequent funding.
1) Two years most current business
tax returns signed by applicant.
2)
Most current personal tax return
of the owners signed by applicant
3)
Current business financial statement
4)
Three months most current business
bank statements, first consolidated page is sufficient.
5)
Personal
financial statement of the owners
6)
Compile all papers requested for the "C" Program above, before sending
Click on our Option
"C" Program Tab (top left) for additional
information on this Working Capital program.
.
Equipment Refinancing Provides Working Capital. Inquiry Form
REQUIRED FIELDS
* Applicant Name:
*
Name of company
*Phone:
Cell:
*Fax:
*E-mail:
Your website address:
How long have owned your business?
What
type of business you are in?
What is your FICO Credit Score?
What type of
financing are you interested in?
* How would you rate your credit?
Excellent
Good Fair
Poor
* Are
you interested in Option
"A" ,
or "B" ,
or "C" , or
All
Comments:
Thank
You!
The
application and information will be e-mailed within a few hours.
re
you interested in Option
"A" ,
or "B" ,
or "C" , or
All
Comments:
Thank
You!
The
application and information will be e-mailed within a few hours.
PRIVACY
STATEMENTS: Allbex Financial does not rent or sell the personal or company
information that you provide. To better protect your privacy we provide this
notice. To make it easy to find, we make it available on our homepage
and at
every point where information may be requested. Allbex does not share this information
with outside parties except to the extent necessary to complete your request for
more information about financial products you may be interested in. DISCLAIMERS/DISCLOSURE:Allbex Financial
does not offer or give advice on any business or personal tax, or legal
questions, or issues. Allbex does not engage in business consultancy. If an
applicant has questions on any tax or financial matters, the applicant is
strongly encouraged to consult with their CPA, or TAX attorney. Allbex
Financial reserves the right to modify or delete any financial product offering
at anytime without notice. Nothing herein or in the information above
shall be construed as advice. Allbex Financial only accepts applications from
businesses, and does not accept any inquires or applications from any consumer
individuals.Should an applicant
have other questions or concerns about privacy, disclaimers, or disclosures
policies, please contact us at: allbex@hotmail.com
or fax us at: 415-946-3307. Past performance does not guarantee
future results.
We welcome Affiliates / Brokers
Click on the Broker Registration Tab, top left.
Allbex Financial Partners
(Since 1992) Newport Beach, CA 92663
Fax: 415-946-3307 (Internet Fax)
E-mail: allbex@hotmail.com (C) Copyright 1992 -
2010 All Rights Reserved
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