Results 1 to 4 of 4
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05-14-2015, 10:56 AM #1
- Join Date
- Aug 2013
- Posts
- 22
Large Loan to Purchase Existing Business
I have a client that I've worked with in the past looking to purchase another existing business. He currently owns 2 restaurants that average about $150k a month in revenue. He is looking to purchase an IT Services company that generates $5.8 million a year. The purchase price is $1.8 million with the current owner willing to finance $800k if my client can come up with $1m down. He does not want to reach into his own pockets unless it is necessary, has property he can use for collateral, and is willing to leverage his existing business to help finance the deal. Any direction on where to go with this would be greatly appreciated.
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05-14-2015, 11:52 AM #2
WBL can take a look at this one. Please contact me for further details. Thank you.
Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
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05-14-2015, 03:18 PM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Large Loan to Purchase Existing Business
Does he have any experience in the it biz?
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05-18-2015, 12:43 PM #4
- Join Date
- Aug 2014
- Posts
- 65
I have a lender that will loan up to $5.0 mill if there is enough collateral to support the debt. Credit is not an issue.
Lorraine
765-506-8048
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