The company offers interest rates from Prime to the mid-teens and advances ranging from 50% to 75% of the auto loans current principal balances.
Boynton Beach, FL (PRWEB) February 13, 2014
Dealer Capital LLC, the one-stop-shop for the most superior cash flow products and services nationwide, announced the introduction of innovative programs designed to facilitate revolving lines of credit for buy here pay here auto dealers and auto finance companies secured by their auto receivables.
The company offers interest rates from Prime to the mid-teens and advances ranging from 50% to 75% of the auto loans current principal balances. The lines can be as low as $1 million with borrowings beginning with a minimum preferred of $500,000. The larger the line size, the more time in business and industry standard systems required. There are minimum requirements of good widely known software management system and static pool analysis for lines of $5 million and larger.
Bill Campbell, CEO at Dealer Capital LLC, explains “Perhaps you are in need of a new line of credit or you wish to refinance your current line of credit to lower your cost and improve your advance rate. We are offering great programs to facilitate the credit lines.”
The specific unique programs offer interest rates that vary depending on line size and credit quality of borrower: lines to $5 million – Prime + 9 points, lines of $5 million to $20 million – Prime + 1-3 points, and lines of $20 million + – LIBOR + 1-3 points. The financial requirements include 2 years tax returns, 2 years and YTD P&L’s and Balance Statements and current personal financial statements plus 2 years of personal tax returns.
Moreover, Floor plan lines of credit are also available – lines as low as $50,000 to $1 mil + and interest rates down to 6%.
And Mr. Campbell adds “Our philosophy focuses on under-promising and over-delivering. This is key contributor to our continued customer growth & satisfaction, and a major reason why our clients recommend us to their colleagues.”
Choosing Dealer Capital LLC can enable clients to eliminate the need for outside financing and the use of additional assets as collateral, increase their cash flow and profitability, and select competitive funding options from multiple lenders and funding sources. All bids are at no cost and no obligation.
Further information on the specific programs are available at http://dealercapitalllc.com/.
Dealer Capital LLC, based in Florida, with a reputation for top quality service and more than 35 years of combined experience, offers a wide variety of programs and cash flow options to best meet the needs of their clients.