question on gas station open 55 days
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  1. #1
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    question on gas station open 55 days

    Has advance outstanding for 25k...open for business 55 days..does 125k month. He purchased station from previous owner...these are new bank acts but I have transaction paperwork. He dies credit cards as he us gas station and inside mini mart. I'm not sending this so I can be told we will look at it..then tell me can't do it. You gave facts...only alternative is to knock out first and get him 45k plus. Credit unknown...

  2. #2

    question on gas station open 55 days

    Hey Golf
    How soon does he need the advance?

  3. #3
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    He took over ownership 55 days ago...

  4. #4
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    Quote Originally Posted by golf2014 View Post
    Has advance outstanding for 25k...open for business 55 days..does 125k month. He purchased station from previous owner...these are new bank acts but I have transaction paperwork. He dies credit cards as he us gas station and inside mini mart. I'm not sending this so I can be told we will look at it..then tell me can't do it. You gave facts...only alternative is to knock out first and get him 45k plus. Credit unknown...
    Golf2014, did we see this one? We have no issue funding an established business with a new owner as long as we can get financial information (banks and 2014 tax return) for the company pre-acquisition and can review the SPA/APA from the sale.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  5. #5
    LoanMe only needs 60 days transaction history on that new bank account. This Friday (2/19) should be 60 days right?
    LoanMe Business
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