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10-14-2019, 03:14 PM #1
- Join Date
- May 2019
- Posts
- 12
DE Liquor store looking for 300K SBA loan (720 credit score)
DE Liquor store- Clean file with a 720 credit score. currently has 2 balances (33k daily & 185K monthly).
Monthly gross rev 60K in season and 30k off season.
Seeking 300K to pay off balances and to get inventory with remainder. Has collateral and willing to sign personally.
Any asset based lenders here?
Side note- not looking for a third position MCA- We fund MCA's directly.
Currently looking to bring on syndicating partners- The only way to syndicate with us as a broker is on your own deals.
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10-14-2019, 06:39 PM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
PC221,
It isn't about monthly revenue with Liquor Stores it's about margin.
Can't say whether or not the 185k would need to be paid off until I had the opportunity to see Net Income and type of loan.
If you would like assistance feel free to reach out..
RG
Business Capital Consultants USA
3237 Route 112 Suite 9
Medford, NY 11763
631-880-7501
richard@bccusa.com
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