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Re: I need a loan to further expand my business. Apr 18, 2008 10:00 AM
Where are you located? The reason I ask is that I've been researching the NY/CT/NJ area in regard to quality assisted living facilities & come across quite a few locations available. I've been interested in the business as well considering it is very much a niche market in this area of the country. Most places I've researched command upwards of $5k monthly per person with facilities that can accommodate up to 100 beds. Do the math on that one. I've actually found some facilities in this tri-state area that are for sale.
In any case, in regard to your loan, my company can probably assist you in that regard provided you have a FICO score of 700+. Our business lines of credit range from $25k - $1M and we usually close within 1 - 3 weeks with proper documentation.
If you are interested, reply to this post for further details we can discuss outside the forum.