Auto Repair Shop Looking for $15K to $20K
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  1. #1
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Jun 2015
    Location
    Saint Louis, Mo
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    329

    Auto Repair Shop Looking for $15K to $20K

    Hey,

    Are there any direct lenders that can get this funded? Looking for a home for this deal.


    -Loan Request: $15k for 3yr term
    -Loan to clear up tax issues and purchase equipment
    -Been in business 20 yrs
    -No current loans
    -Credit score is 625
    -Average Monthly Gross is $8k to $10k


    -He does have collateral (investment rental property)

    -Says if he pledges the property, he would like to get $20k over 5 yrs
    (Property is not apart of S-Corp)

    -No prepayment penalty

    -Would like Monthly or Weekly repayment depending on rates
    Last edited by NickHubbard; 01-13-2016 at 09:39 AM.

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    NYC
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    20 WBL reps are about to message you...

  3. #3
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Saint Louis, Mo
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    Lol @Funder Mark

  4. #4
    Quote Originally Posted by Funder Mark View Post
    20 WBL reps are about to message you...
    lol

    I've noticed that anyone who has been here long enough typically uses the qualifier "Does not have real estate" when posting a query on a particular deal.

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