Results 1 to 7 of 7
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04-01-2015, 03:54 PM #1
- Join Date
- Apr 2015
- Posts
- 159
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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04-14-2015, 10:25 PM #2
- Join Date
- Dec 2014
- Posts
- 91
CALL RUDY AT MERCHANT SOURCE OR EMAIL ME. 646-757-3000 OR EMAIL rjames@merchantsourceinc.com
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04-16-2015, 10:56 AM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Details... What is the building worth? Is there a down payment? Why is the owners credit beneath 650? Mortgage lates? What kind of property is it?
We are a licensed Mortgage Broker that can assist if the buyer has the requisite skin in the game, the property appraises, and there aren't problems with credit and/or title..
Richard 516 510 3855
www.businesscapitalconsultants.com
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04-17-2015, 09:38 AM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
We should be able to get them a 10 year loan for 100% of the purchase price.
Bob Shaw
734.929.3800
rshaw@advancecredit.com
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04-23-2015, 03:33 PM #5
- Join Date
- Apr 2015
- Posts
- 188
Lets talk and shoot me an email at nathaniel@instafundllc.com
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04-28-2016, 06:36 PM #6
- Join Date
- Apr 2016
- Posts
- 13
Hello, 860 348 6371 shawn, call me
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04-28-2016, 07:59 PM #7
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
Need $275,000 loan for biz to purchase building
Call Brian at commercial capital (770) 908-1672 one of the best at getting commercial mortgages done. Lender and broker.
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