[Carmenloan]

Hello daily funders, this is my first post.

What lender would you recommend for the following situation:
- Existing business (Assisted living facility).
- Needs $150k to buy another business in the same industry.
- Statements show in between 15k to 20k coming into the account every month.
- Credit score is 710.
- Business taxes show a lost year after year so, my SBA lender won't approve this deal since he goes only by what the taxes show as income.

I look forward to hearing your thoughts about this scenario and let me know if there is any extra information needed.

[Yankeeman07]

Hello daily funders, this is my first post.

What lender would you recommend for the following situation:
- Existing business (Assisted living facility).
- Needs $150k to buy another business in the same industry.
- Statements show in between 15k to 20k coming into the account every month.
- Credit score is 710.
- Business taxes show a lost year after year so, my SBA lender won't approve this deal since he goes only by what the taxes show as income.

I look forward to hearing your thoughts about this scenario and let me know if there is any extra information needed.

$150 Million or $150,000.00 ?

[Olderguy]

Does he own the property he occupies now? Any equity to do a cash out?

Does he qualify for a personal loan?

Does he own a primary residence to do a Heloc? Can go up to 85% CLTV.

[Carmenloan]

$150 Million or $150,000.00 ?

$150,000.00

[Yankeeman07]

$150,000.00

What amount of Depreciation is showing on the Tax Returns?
Adding that back, would the return show a profit?