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  1. #10
    Senior Member Reputation points: 2902 JParr's Avatar
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    Feb 2020
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    Startup restaurants are going to be very cautionary for us right now but we do not have a set funding limit. Down payment and/or additional collateral will very likely be required.

    We'd be much more interested in expansion opportunities. For instance an established restaurant pivoting to also have a food truck, etc.

    Startups in general also don't have a set funding limit with us. Credit, collateral, use of funds, etc. is in most cases what will limit the amount of funding the borrower will be eligible for.

    Last year we funded $2MM for MRI, mammography, etc. equipment for a startup medical imaging center. We offered 100% financing, no additional collateral requirement, 48 month term, and 6 months of skip payments as they ramped up. Applicants of course had strong credit, all PHDs, invested a large amount of their own capital, already had LOI from hospital group to use their services, etc.

    All in all, if we like a deal we'll find a way fund it.
    Last edited by JParr; 10-19-2020 at 02:13 PM.
    Joshua Parrish | SLIM Capital
    (415) 938-4977 | josh@slimcapital.com
    www.slimcapital.com

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