CAPITAL FUNDING (Loan) for Equity in existing Business
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  1. #1

    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

  2. #2
    Senior Member 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.

  3. #3
    Senior Member 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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