Results 1 to 3 of 3
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03-07-2017, 03:42 PM #1
Reputation points: 10
- Join Date
- Feb 2017
- Posts
- 4
CAPITAL FUNDING (Loan) for Equity in existing Business
Client looking for $100k Loan to buy Equity (44% to 49%) into an Existing Boat Business with $1mil p/yr in Revenue.
Client has Real Estate Biz with $60k p/yr in Revenue
Real Estate Biz - Mobile Home Biz Valuation - $275k
Boat Biz Valuation - $350K
Client bringing his own $30k to $40k
Owns Home outright - Valued at $450k - Client willing to Cross Collateralize
Credit Score - 800
No Judgments
No Liens
No BKs
I can be reached at lindseyc@whizfunds.com
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03-08-2017, 09:55 AM #2
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
With credit and home valuation like that, he should walk into his bank and get a single digit home equity loan.
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03-08-2017, 12:26 PM #3
Reputation points: 5777
- Join Date
- Mar 2016
- Posts
- 335
We can give him a commercial line of credit for his business secure by his home. And we won't ask for any equity. Our rates are Factoring rates, however. 2-3% per month.
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