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04-01-2015, 03:54 PM #1
Need $275,000 loan for biz to purchase building
Hi everyone,
My client needs a $275,000 loan to purchase the building he currently operates out of. His annual rent expense is right around $70,000. Having trouble finding a lender, I hope posting to this thread helps.
If you think your company might finance this, or if you know of a company that might, please do not hesitate to reach out.
Here is the skinny on our client:
Glass and mirror glazing company
In business for 4+ years
Took a loss in 2013, -$82,165
Netted profit of $178,000 in 2014
Revenue growth, 2014 versus 2013: 92.3%
Quick Ratio, 12/31/13: 1.03
Quick Ratio, 12/31/14: 1.28
Quick Ratio (Interim Financials), Q1, 2015: 2.03
Profit (Interim Financials), Q1, 2015: $29,000 (note: Q1 is slowest Q)
Owner is 100% owner, personal credit score just under 650
In my hands I have the following documents:
Sept - Feb, 2015 bank statements
Debt schedule (2 cash advances and an advance repayment owed to Fundbox, around $90k)
2012, 2013, 2014 financials
Q1 2015 Interim Financials
3 Years biz tax returns
1 Year personal tax returns
Again, if your company or any company you know of will consider financing this, please let me know. The full amount would be slightly more than $275,000 in order to cover origination.
E-mail me directly at CapitalPartnerSolutions@gmail.com - this is not the name of my company but an e-mail created specifically for posting to public threads.
THANK YOU!
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