Results 1 to 8 of 8
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11-21-2014, 12:05 PM #1
- Join Date
- Sep 2014
- Posts
- 12
NYC Resturant Looking for 200K
Restaurant with two locations in NYC. The business is looking for a loan to mainly refinance an expensive MCA that is at a rate of about 25% (about a one year term). Currently, there is $211k outstanding on the loan.
On its 2013 tax return, revenues were $1.7m down from $2.1m. Down tick was the result of the company closing a kiosk location that it found was unprofitable. The business has been around since 2006 and came through the great recession stronger. Both locations look fine. Simple restaurants, nothing fancy, but people like the food.
A lender could come in with an amortizing loan of less than 20% per annum for three years, which would be beneficial for both borrower and lender.
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11-21-2014, 02:17 PM #2
I can get this done pretty easily using bank instruments, depending on the credit and cashflow. Feel free and reach out to me at the number below.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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11-21-2014, 02:59 PM #3
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
NYC Resturant Looking for 200K
PM me your email
Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
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11-21-2014, 03:58 PM #4
- Join Date
- Oct 2014
- Posts
- 23
NYC Resturant Looking for 200K
Not sure how a kiosk generating 400k 1/5th of the company revenue could be non profitable?
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11-24-2014, 02:15 PM #5
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
What was the original MCA used for? If it was equipment related I can assist with a straight up refinance, up to 24 months, payments made every QTR.
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01-23-2015, 01:36 PM #6
- Join Date
- Jan 2015
- Posts
- 29
I can definitely help you with this! Please contact me at funding@berkmanfunding.com
We do deals like this everyday. Would love to help.Last edited by SK215; 01-23-2015 at 02:15 PM.
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08-23-2016, 03:20 PM #7
- Join Date
- Aug 2015
- Posts
- 14
Hi Im Bruce
Fico > 620 ?bruce
Restaurants show profit in 1 of last 2 years?
let me know or call 215 760 1743
bruce
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08-23-2016, 03:25 PM #8
- Join Date
- Aug 2015
- Posts
- 14
Zach,
My name is Bruce in Philly - your a player here you work with Mike in IMN - you do or who does 503 c or anyone ?
thanks
bruce
215 760 1743
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