200k needed for 7/11 store
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  1. #1
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    200k needed for 7/11 store

    Merchant wants to borrow working capital loan of 200k for 5 years. For store upgrades and inventory.

    Thanks

  2. #2
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    Wells Fargo.

  3. #3
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    Anything I can make a dime on?

  4. #4
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    Quote Originally Posted by Shorebird View Post
    Merchant wants to borrow working capital loan of 200k for 5 years. For store upgrades and inventory.

    Thanks
    Paying 10% annually, correct?
    High risk paper

  5. #5
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Does Funding Circle do loans for 7-11s?

  6. #6
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    Without knowing any details regarding the merchant, maybe a SBA Loan.

    SBA loans up to 350k are the easiest to close. Up to 150k is even easier. These loans are cash flow based therefore no collateral requirements. They are at 8% over ten yrs so the payment is the selling feature.
    They have no prepay either.

    Not much commission, but, a possibility
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  7. #7
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Quote Originally Posted by Shorebird View Post
    Merchant wants to borrow working capital loan of 200k for 5 years. For store upgrades and inventory.

    Thanks
    Try SmartBiz

    https://www.smartbizloans.com/
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  8. #8
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    200k needed for 7/11 store

    if he owns the real estate I would consider it. unless they have gas pumps and then I'm out.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  9. #9
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    Quote Originally Posted by Shorebird View Post
    Merchant wants to borrow working capital loan of 200k for 5 years. For store upgrades and inventory.

    Thanks
    If his credit is 680+, I know how to help you monetize SoFi. PM me.

  10. #10
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    if you cant get him a capital deal reachout to Cresthill....we keep funded many large convenience stores and other franchises and we fund them VERY FAST! and we are very light on stips (perhaps a little too light for my liking's )....
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  11. #11
    Hello,

    We offer can offer up to $250,000 on a 4-5 year term

    For more information, please contact me.
    Cameron Kargl
    DiversePayments.com
    Direct Office: 310-707-1235
    cam@DiversePayments.com

  12. #12
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    Thanks, I am working with the borrower and let you all know.

  13. #13
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    Quote Originally Posted by Shorebird View Post
    Merchant wants to borrow working capital loan of 200k for 5 years. For store upgrades and inventory.

    Thanks
    Possibly an SBA Loan, call me for an application
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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