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5 Replies Last post: Mar 5, 2008 4:12 AM by carson

Seeking 40k 5yr Bar

Mar 3, 2008 1:56 AM

Click to view JohnnyBsBar's profile Professional JohnnyBsBar 3 posts since
Feb 27, 2008
Hi I'm owner of a Bar in Antioch CA. I am seeking 40k for working capital / equipment. If some of you could lead me in the best direction. Here are some facts.
  • Bar in business 15 yrs, I have owned for 5.
  • $250k invested all personal
  • annual rev $150-200k
  • home owner with credit score of 680-710
  • Would like payments of $1500-2500 a month
Thanks John B
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Click to view LUCKIEST's profile SCORE LUCKIEST 5,733 posts since
Aug 6, 2007
1. Re: Seeking 40k 5yr Bar Mar 3, 2008 9:51 AM
Hi I'm owner of a Bar in Antioch CA.
I live in N Y to far away to help, BUT a suggestion.Do you know about SCORE.
SCORE is FREE and can help you with a Business Plan.
It is one of the first items a lender or investor will want to see.
Good luck, LUCKIEST
Click to view JohnnyBsBar's profile Professional JohnnyBsBar 3 posts since
Feb 27, 2008
2. Re: Seeking 40k 5yr Bar Mar 3, 2008 5:51 PM
in response to: LUCKIEST
Thanks Going over Scores as I type this.

Business loan vs Equipment? Pro and Cons? Is one easier to get?
Click to view ELITEBF2008's profile Professional ELITEBF2008 4 posts since
Mar 1, 2008
3. Re: Seeking 40k 5yr Bar Mar 3, 2008 10:46 PM

Hi , we have a few programs that can help you. We do equipment leasing if all you need the $ for is strickly equipment. We also provide working capital by doing a credit card cash advance. I'm sure u accept credit cards, right? We will advance you $ against your future credit card receivables . So what that means is that we would take the last 6 months of credit card transactions and add them up, then divide that by the 6 months to get an average of how much you make (in cc transactions). That average is about the amount you can get for working capital from us or even up to 150% of it , and I can have that in your pocket in about 5-10 days w/ an approval in 24-48 hrs. The way you pay back the amount is by us deducting automatically 15-20% of each of your future credit card receipts ( when u run each cc transaction) & 80-85% goes in your pocket, so you don't even realize you're paying it back. You don't need any financials, tax returns, collateral, no fixed payments, no personal guarantee, & no application fee! If you're interested u can go to www.elitebusinessfinancial.com & leave a contact request. Have a great day!

Click to view JohnnyBsBar's profile Professional JohnnyBsBar 3 posts since
Feb 27, 2008
4. Re: Seeking 40k 5yr Bar Mar 4, 2008 3:30 PM
in response to: ELITEBF2008
Thanks but that won't help.

I have do accept credit cards but very low transaction rate, its mostly cash. so that option will not be viable.
Click to view carson's profile Mogul carson 20 posts since
Mar 5, 2008
5. Re: Seeking 40k 5yr Bar Mar 5, 2008 4:12 AM
How profitable has the business grown to?is it condusive for a private investor,do send me detailed plan and profit statements of the business so as to negotiate an investment move.send mail to doncarson7@gmail.com

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