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Yet another business loan request

With 27 posts, do you want to share some info, like Who you are?? Where you are??

Do you have an Accountant??, Lawyer?? Have you developed a Business Plan??
A Bus Plan is one of the first items a bank or lender wants to see.

LUCKIEST

Yet another business loan request

*Thanks for sharing some additional info. TRY MEMBERS PAGE*<br /<br />*In your first request you said nothing about *been in business for over 20 years so yes I certainly have a
*CPA and an attorney*<br /<br />Still have no idea who you are?? or where you are??

Luckiest? Anyone???

Thanks east coast banker.

The income is higher than the business debt as 1120 will attest to. Personal

income is higher than personal debt,as 1040 and credit report will attest to. Personal

credit score very high,low debt. Business credit, have various tradelines reporting,but

have not paid as much attention to that. I've always found more attention is paid to

personal credit. I have the assets in terms of the real estate I previously mentioned,

land, commercial building,and 2 residential properties currently rented as well as the

commercial office building. As for disposable income and liquid assets, I guess if
I had a large amount of disposable income or liquid assets I would not be looking for
sizeable funding for my business. I have money tied up in an IRA and other investment
vehicles, but not entirely liquid. I believe we are well inside the box. We offer more

positive attributes to a banker than negative. Any possibilities? Thanks

Hi again as well, what else I need to know is who to submit application to???
Do I go the local bank route? Do you handle things of this nature? Where are
all the funding brokers that continuously post on here?? With what I bring to
the table not enough......................... So what else I need to know is where to
turn??? Thanks

NC

If you are seeking a professional to walk you through the process, I'd be happy to talk to you about it. All my contact info is on my profile.

To address your question about whether a community bank is the best route, it really will depend on the details of your request and what ancillary business would come with it. If the LTV and cash flow coverage leave the loan "on the fence", having balances to deposit or using their merchant services could make the difference. The big benefit of a community bank is that the decisions tend to be more local, so they will definately look harder at your request if they see the benefit of the whole relationship. That said, community banks typically will cost you a little more because they deal in less volume than the big boys. When I was a community banker, we had the benefit of being a little creative in order to get deals done. We thrived on financing the deals that were out of the big banks cookie cutter parameters. If you are flexible, going the community bank route could work.