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Funding Needed for a Startup - Buy Here Pay Here Auto Dealer
Posted by: D Gilpin on 2/22/2013 6:23:10 PM
Funding Needed:
$100k - $250k
Category:
Consumer Products & Services
Website :
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Location :
USA
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Description:
We are a privately owned automotive financer and retailer in the southeastern United States focused exclusively on the “Integrated Auto Sales and Finance” or the “Buy Here Pay Here”, segment of the used car market. Focused on selling and financing primarily older model used vehicles for substantially all of its customers. We cater to customers who have the income necessary to purchase a used vehicle, but because of their impaired credit histories, cannot qualify for financing from traditional third-party sources.

**NOTE - A complete business plan is available to serious inquirers following the execution of our Non-Disclosure Agreement.

Offering . . . . . . . . . . . . . . .$2,500,000 aggregate amount of 15% cumulative preferred equity (Class B 15% preferred), 50 Units Total, each representing *** of the Membership Interests of the Company.

Price Per Unit . . . . . . . . . . Fifty Thousand Dollars ($50,000.00)

Minimum Subscription Amount:
$50,000.00 for one (1) Unit; the Company reserves the right to accept subscriptions for lesser amounts or for fractional Units in its sole discretion.

Maximum Subscription Amount:
$2,500,000.00 for fifty (50) Units; the Company reserves the right to accept
Subscriptions for greater amounts or for fractional Units in its sole discretion.


Interest . . . . . . . . . . . . . . . The shares will accrue interest from the date of their issuance at the rate of 15% per year. Interest on the notes will be payable 24 months after issuance and thereafter will be paid quarterly in arrears on each April 15, July 15, October 15 and January 15.

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