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  1. #1
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    Multi-Unit Grocery Store financing?

    Hey Team,
    I have a multi-unit grocery store, with annual income of $8MM to $10MM. They're looking for $750K to $1.5MM capital financing, over 48-60 months via Corporate loans or LOC.
    They have 1 existing cash-advance loan, no NSF,s liens, excellent credit score, no bankruptcies, charge-offs etc, etc.
    Can anyone recommend lenders for this type of deal?
    Many thanks for your suggestions.
    Red Dragon

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Local banks

  3. #3
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    Hi Red Dragon,

    Where is the Company located? If it is a Florida Company, I might be able to get my Bank Parent to look. This is a good size Company. If the Owners and Company are clean, they should have no problem getting traditional financing.....of course lenders would need to know more.
    Kevin Henry
    Seacoast Business Funding, a division of Seacoast National Bank
    561-623-1872
    www.seacoastbf.com

    PS: I DO NOT respond or answer non-corporate e-mail addresses. If you call my phone and I am not available, please leave a voice mail. If you don't....chances are I am NOT calling you back.
    Hedley Lamarr......That's Hedley

  4. #4
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    Thanks Funder Mark.
    I have contacts at both local & regional banks -but I've been told that they are 'pulling away' from the Grocery Store sector and consider it 'high risk'

  5. #5
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    Red Dragon,

    Whether or not the Client has Senior Debt (a bank loan or similar) in front of the 1 Cash Advance- will drive where the file should be placed.

    Is the Client profitable?

    How much inventory do they carry?

    How high is the Accounts Payable? Any vital suppliers past 30 days?

    All the other information (no NSF's, good FICO, no BK's etc.) is fine- but the real information on the balance sheet is what will drive the file.

    Touch base should you want assistance..

    Richard 516 510 3855

    www.businesscapitalconsultants.com

    775 Park Avenue Suite 255
    Huntington, NY 11743

  6. #6
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    I appreciate the input. The merchant is in the Mid-West.

  7. #7
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    when you get deals like this that are a little out of your league(because they want 1 million over 60 months) , You are much better off going thru bob shaw or richard gerard both on this site .
    good luck

  8. #8
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    Thanks for your response Richard.
    They own the properties outright without any senior debt (as far as I know).
    The business is 40 years old, profitable, - no major outstanding debt.
    Only debt they have is a Funding Circle loan

    I've already been told by brokers that the problem is that local banks now consider grocery chains as a high-rish sector due to shrinking margins.

  9. #9
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    thanks Michael.

  10. #10
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    Red Dragon,

    There are a few things that can be done for this client based on the information provided- and the fact that they are a Grocery Chain will not be a challenge at all.. Feel free to give me a call tomorrow to discuss..

    RG 516 510 3855

  11. #11
    Senior Member Reputation points: 3217 CO1's Avatar
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    Multi-Unit Grocery Store financing?

    Sba

  12. #12
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    This really is a good SBA file. Why aren't they seeking a SBA enhancement which would greatly reduce lender risk?

  13. #13
    I can do this through SBA if they are in CA.
    Jared W. Johnson

    First Vice President
    Community Bank
    909-534-0460
    jjohnson@cbank.com

  14. #14
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    Quote Originally Posted by Red Dragon View Post
    Hey Team,
    I have a multi-unit grocery store, with annual income of $8MM to $10MM. They're looking for $750K to $1.5MM capital financing, over 48-60 months via Corporate loans or LOC.
    They have 1 existing cash-advance loan, no NSF,s liens, excellent credit score, no bankruptcies, charge-offs etc, etc.
    Can anyone recommend lenders for this type of deal?
    Many thanks for your suggestions.
    Red Dragon

    We may be able to assist.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  15. #15
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    If you're still looking for a competitively priced CapEx approval, I might be able to help
    Last edited by therealrichzone; 01-24-2017 at 12:01 AM.

  16. #16
    We can help you with SBA - we tend to get SBA's approved in less than 7 days. Let me know if you are still interested.
    Fast Capital 360 - Fast, Transparent & Fair Small Business Loans.

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