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  1. #1
    Senior Member Reputation points: 1018
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    Oct 2012
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    Question

    I have a Dunkin' Donuts client that would like to try and re-finance (2) existing advances that he needed to take because the Dunkin' Donuts corporate office requires a remodel every few years. The balances are below.

    CAN Capital-$150,000
    Direct-$50,000

    The client currently has an SBA Loan, originally for $500,000, paid down to about $200,000. However, additional funds could not be provided to bring the amount back to $500,000. Have already told the client that this could be tough, if not impossible because of the balances, even though his credit score is about 710. Yearly gross is about $925K.

  2. #2
    Senior Member Reputation points: 14
    Join Date
    Apr 2015
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    188

    Does he own the property of the business?
    Shoot me and email and lets talk nathaniel@instafundllc.com

  3. #3
    Senior Member Reputation points: 62986
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    Apr 2015
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    Louisiana
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    Question

    he can do a 2nd SBA loan. under 7a it allows up to $7mm in total financing. it would require the daily debits to be paid off.

  4. #4
    Banned Reputation points: 4530
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    Mar 2014
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    Ann Arbor, Michigan
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    Question

    what's the total they're looking for?

  5. #5
    Does the client have 401k, real estate, precious gems, etc.? He has to collateralize the debt somehow.

    Lorraine
    765-506-8048

  6. #6
    Senior Member Reputation points: 1018
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    Question

    Quote Originally Posted by bdshaw View Post
    what's the total they're looking for?
    Bob:

    Please give me quick call at (866) 573-3273

    Thanks!

    Howie Dane

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