Results 1 to 3 of 3
-
06-08-2015, 10:30 AM #1
- Join Date
- Jan 2015
- Location
- Los Angeles, CA
- Posts
- 7
New Owner, Established Business - DTF?
I've been running into this a lot with my leads lately.
Does anyone fund established business (8+ years) with a new owner?
Does the owner's experience, or lack thereof, affect approval? Does it matter?
-
06-08-2015, 12:59 PM #2
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
I lost a deal to Swift who purchased a pre-existing business with only 60 days of ownership, they offered them a 8 month deal. If they purchased the existing legal entity and likeness without assuming any previous debt or obligations you should be good to go with several lenders.
-
06-08-2015, 02:57 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill Funds most of those files...
Recently we've changed our model and make FIRM offers in HOURS.
Feel Free to Test us on a file or two
bizdev@cresthillcapital.com
Similar Threads
-
hotel owner needs business loan against rental income
By Fundyman in forum Deal BinReplies: 2Last Post: 05-05-2015, 04:36 PM -
Funding for taxi cab owner
By OldFundingHound in forum Deal BinReplies: 4Last Post: 11-29-2014, 10:31 AM -
10 year old business where owner has no social security number just government ID
By danra in forum Deal BinReplies: 2Last Post: 10-24-2014, 08:29 AM -
Need 150K to purchase established Restaurant - 780 plus credit scores - no collateral
By danra in forum Deal BinReplies: 3Last Post: 09-16-2014, 11:38 AM -
Seeking a Funder or Established ISO to work for remotely
By Sales Professional in forum Merchant Cash AdvanceReplies: 27Last Post: 06-08-2014, 03:26 PM