restaurant TIB 3 months avg $200k per
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  1. #1

    restaurant TIB 3 months avg $200k per

    Have a restaurant in MN but only 3 1/2 months in business averaging $200k per month ( processing $70k) with daily balances avg $10k. Has a first with bal $25k
    Would like to payoff first and get better terms

  2. #2
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    Quote Originally Posted by viper066 View Post
    Have a restaurant in MN but only 3 1/2 months in business averaging $200k per month ( processing $70k) with daily balances avg $10k. Has a first with bal $25k
    Would like to payoff first and get better terms
    What are the current terms?

    A credit card split would provide daily flexible payments.
    Dave Lambert, Business Development
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  3. #3
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    The business has been opened 3.5 months and already took a first and is looking for more money. You are not going to get a better first position paying off the current one. If she waits until she is opened at least 6 months i can possibly pay that off and give a better term depending on the term she got now.

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