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10-10-2019, 02:43 PM #1
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Restaurant Consolidation 3 positions- term loan PLUS 150K LOC
Just trying to give occasional examples of deals we are getting done with our Bank Partners. Many of them have several MCA positions- and what we are able to arrange in many instances are 'game changers' to our clients.
Profitable Northeast Waterfront Restaurant
3 Positions 33k per month 91k balances- coming into slower season- yet still need Capital for Holiday Parties etc.
We arranged 100k 10 year loan 7.75% to pay off existing positions and arranged 150k Revolver at 8.75% interest with a one month clean up annually.
Even if they max out the LOC their monthly cost will be less than $3000 per month..
Feel free to touch base if you have a file you wish to discuss/need assistance.
Business Capital Consultants USA
3237 Route 112 Suite 9
Medford, NY 11763
631-880-7501
richard@bccusa.com
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