Asset Based Equipment Loan Secured For Contractor

Asset Based Equipment Loan Secured For Contractor

Huntington Beach, CA: A demolition contractor needed to purchase some additional excavators for a recently awarded job in West Los Angeles. The contract was awarded and the City wanted them to start within three weeks. This deadline placed enormous pressure on the contractor to perform. If the asset based equipment loan was not secured in time, he could have lost the 4.8MM contract to another supplier.

Huntington Coast Capital explored a number of asset based loan options for the client. Including an asset based real estate loan secured against his personal residence. In the end, we were able to secure an equipment loan using only the excavators as the collateral. A master lease was arranged with the ability to amend the lease with new equipment lease schedules as needed going forward.

If your company is looking for an asset based equipment loan, give us a call 714-719-8966.

To your success!

Patrick Zazueta | Founder
Huntington Coast Capital, Inc.

Huntington Coast Capital Announces Personal Loan Product

Huntington Coast Capital Announces Personal Loan Product

Huntington Beach, CA: Huntington Coast Capital now offers a personal loan program to complement our business and real estate asset based loan products! Details on the personal loan program are outlined here:

  • Loan terms from 3, 5. and 7 years terms
  • Interest rates between 3.99% and 14.99%
  • Loan amounts from $25,000 to $250,000

Requirements:

  • Personal credit score of 680 or higher
  • A minimum of $50,000 personal income verified through personal tax returns
  • Less than 40% debt to income ratio
  • Tri-Merge credit report from all three credit bureaus (cost $1.00 if not free in some cases)
  • Apply here for the simple process and see if you qualify!

At Huntington Coast Capital we strive to seek out an bring new products to business owners and entrepreneurs! Our asset based lending programs serve business owners throughout California and nationwide.