CA Restaurant looking for 40k
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  1. #1
    Senior Member Reputation points: 7360
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    CA Restaurant looking for 40k

    I'm doing a favor for a broker that brought me a deal which does not work for me for a variety of reasons, but she does not know where to turn.

    This restaurant has been in operation for four years. Average 2016 Gross Revenue is $70k/month and they claim to not have any NSFs.

    They apparently have some back taxes from 2013 owed to the IRS. They are looking for $40k and the IRS will purportedly give them a payment plan for the remaining $100k owed. They are ideally looking for a longer term (aka 5 years).

    No real estate owned. I do not know anything more than what I have shared.

    I would not put it out here other than trying to help a broker with a tough deal and she apparently does not have much of a network.

    Happy to make the introduction if a direct lender wants to jump on this. Probably does not make sense to put another broker in it.

    Thanks,

    Dan Page

  2. #2
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    can capital hands down is your best bet , dont let anyone tell you otherwise

  3. #3
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    Quote Originally Posted by AdvanceFund View Post
    Dan, if there's a payment plan in place we'd be happy to handle this file for you. Let me know.
    Thanks. Do not think there is a payment plan currently in place. Chicken and Egg scenario. :-)

  4. #4
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    Quote Originally Posted by Michael I View Post
    can capital hands down is your best bet , dont let anyone tell you otherwise
    Ha! Thanks Michael

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