paul green
Whiteford, MD (USA)
Role(s):
Founder/Owner/Principal
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Location:
Whiteford
Industry:
Finance
Year Founded:
2014
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
we will finance auto loans for tough to prove income borrowers (barders,bartenders,waitresses,nail salons etc)
and others
dealers will sign dealer agreements and process all loans
Starting in Maryland and growing state to state.
borrowers must have $3000 cash or trade down max to finance is 11300 plus warranty and gap coverage
rates to borrowers will be fixed 19.99 rate for 48-60 mos loans
Dealers will be charged $2395 DIRECT FEE FOR FUNDING.
2000 of fee will be held in reserve to guarantee performance of each contract.
I have been in auto sales for 31 years and will have 100 dealer agreements signed within 60 days
I am looking for funding for the contracts.
Each Contract will carry an automobile as collateral with lien attached
we should start of with 200-300 contracts the first month and increase to 1500 to 2500 contracts per month
each car will carry a gps device to locate an defaulted loans.
Each borrower must have a checking account because we will only take automated payments