[WhoisKingsley]

Here's the deal:

Franchise- 3 Locations... expanding one. Went on a site inspection, met the owner. He wants $150k+ to do the expansion and get started on equipment. Good Credit, Good Balances...

Here's the issue:

1) His Corporation OWNS the CC processing- goes to a lockbox, they get their fees and put it in the biz bank acct.
WE CANNOT get the CC statements but I do have print outs of June and UTD July.

2) JUNE the CC processing company had issues in which nothing was being deposited- I have proof of everything and shouldn't be an issue but he still did $50+ in deposits without his CC being put in

3) and here is the big one- they DO NOT want the funds inputted into their business bank. (womp womp*)


The guy is solid- everything going for him and I don't want to shop (I have an offer that was going to go through- but the different bank will probably kill it). I wanted to put this through hard money or a LOC... Email me if you can assist.

[bdshaw]

Amanda- would they qualify for an SBA loan?