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4 Replies Last post: May 16, 2008 2:20 AM by TJMorehead

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In need of funding

May 14, 2008 10:51 AM

Start-up

darlahr 1 posts since
May 14, 2008

Hi,

I have the opportunity to purchase a cash advance store that has made approximately $90k since January of 2008. This business has been open and profitable for about 27 months. One of the owners has moved out of state and the other has another a business as well and not enough time to devote to both. I would need approximately $100k to take over this store - $50k to buy them out and $50k working capital. The business has expenses of $4000 per month and there is one person on payroll at this time.

I would be able to pay someone back over a 3 year period (probably sooner) at 8% interest. If you did not want to loan $100k, the seller is willing to finance at 5% - I would just like to have 1 payment for start up costs. Please let me know if anyone can help.

Oh, I don't have an accountant or lawyer as of yet - I'm just wondering if someone would be interested in this deal first and foremost and then if everything check out, we could move forward.

Thank you
Darlah

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Professional

drshyne 5 posts since
May 15, 2008

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1. Re: In need of funding May 15, 2008 9:05 AM

Sweetex Loan Company is a leading non-bank financial services company offering conventional business real estate loans; short and long term investment real estate financing; factoring and SBA 504 loans. We provide capital up to $500 million to serve our customers´ specific requirements, which range from commercial real estate & fixed asset acquisition, investment property finance, refinance, partner buyout and working capital. contact Mark Benson, For Your all problem {dr_shyne1965@yahoo.com}

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drshyne 5 posts since
May 15, 2008

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2. Re: In need of funding May 15, 2008 9:10 AM

Sweetex Loan Company is a leading non-bank financial services company offering conventional business real estate loans; short and long term investment real estate financing; factoring and SBA 504 loans. We provide capital up to $500 million to serve our customers´ specific requirements, which range from commercial real estate & fixed asset acquisition, investment property finance, refinance, partner buyout and working capital. contact Mark Benson, For Your all problem {dr_shyne1965@yahoo.com}

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TJMorehead 94 posts since
Mar 16, 2008

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3. Re: In need of funding May 16, 2008 2:17 AM

Hello Darlahr,

Wanted to address your

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Mogul

TJMorehead 94 posts since
Mar 16, 2008

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4. Re: In need of funding May 16, 2008 2:20 AM

Darlahr,

I hit the reply button too soon. Anyways, I wanted to reply to your post. I may can accommodate you with your situation. Depending on a couple of things, there maybe lines of credit through our banking relationship program. Feel free to contact me if you are still interested. My number is 281.914.8166.

Warm regards,
TJMorehead
www.moreheadsconnections.com

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