Results 1 to 5 of 5
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09-10-2019, 01:23 PM #1
- Join Date
- Jun 2015
- Posts
- 10
Client needs 2 to 2.5 Million to purv a Car Dealership
Both clients are looking to put down 50 % approximately (2 to 2.5 million ) to purchase an existing car dealership. They had owned a successful dealership and been in the industry for years . Credit scores are both in 7's and clients have property they can put up as collateral if needed.
They currently have an offer for 2 to 2.5 million at around 6 % , 5 year balloon , amortized over 10 years.
Rate is obviously great but they need a 15 or longer term loan , preferably 20 plus years.
Please reach out to me if this is something in your wheelhouse!
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09-14-2019, 09:31 AM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Is there Real Estate Involved in the transaction in addition to the collateral mentioned?
Does the Purchaser have experience in the Industry?
Given down payment, credit and collateral this is something we can likely get done in the low to mid 5's if the Financials make sense..
Feel free to touch base:
rg@businesscapitalconsultants.com
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09-14-2019, 10:00 AM #3
- Join Date
- Oct 2012
- Posts
- 142
Has a couple of questions that we sent in a PM.
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09-18-2019, 06:37 AM #4
- Join Date
- Feb 2018
- Location
- Hawaii
- Posts
- 1
Aloha Sir:
We have a Funding Program were you need to put a Down Payment much like an SBA Loan. However the Down Payment is just 1% and is NOT based on Credit or Assets but decision is based on the Business being Purchased!!
Please contact me @ PacificFinacial@live.com or Toll-Free 1.855.7.FUNDING between 9-5 PM Hawaii Standard Time Mon-Fri
Aloha,
Ed Tam Sing aka America's Most Wanted Finance Expert (25 Year Funding Veteran)
Pacific Financial Co.
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09-18-2019, 09:44 AM #5
- Join Date
- Jun 2017
- Posts
- 2,049
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