Private lender or anyone that can go this high..owns Motel Chain does 44mill a year
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  1. #1
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    Private lender or anyone that can go this high..owns Motel Chain does 44mill a year

    he is looking for 10million for more locations. If you can do please pm and we can go over the details. Thank you.

  2. #2
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    SBA is probably the best way to go with these. Long process, very involved, won't pay more than 1%, maybe 2 if you're lucky.

  3. #3
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    Quote Originally Posted by abfunders View Post
    SBA is probably the best way to go with these. Long process, very involved, won't pay more than 1%, maybe 2 if you're lucky.
    they cap at 5mill though don't they? SBA is not really my specialty not too familiar with ins and outs

  4. #4
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    Quote Originally Posted by Sachip24 View Post
    he is looking for 10million for more locations. If you can do please pm and we can go over the details. Thank you.
    Sachip24-I sent you a PM for someone you should call.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  5. #5
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    I just got off the phone with someone who loves the idea.
    SBA 7(a) caps out at 5mm, you're right. They would go traditional, mid-6's, 25-year amortization.

    Again, won't pay more than 1 point, but you can probably get a fee agreement on top since it won't be the SBA.

  6. #6
    Give me a call I can get something worked out for you 870.914.9880

    AJ

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