jasjus
4 posts since
Oct 21, 2008
5.
Re: Looking for line of Credit Oct 22, 2008 10:58 AM

in response to:
Fortis
I am doing two projects at the same time, so I will inform you what we
are doing, we a presently doing a acquistion of quick lube business,
and also we are expanding a exsisting car dealership, which has been
geared to do well despite the downturn in the economy, especially in
the automotive business.
The line of credit which we are asking for is really for working
capital, to be used specifically in increasing the inventory to
accommodate the expansion we are presently doing in the dealership We
are hoping to get at least a line for about 300k. Our main source of
inventory will be trade-ins and wholesale auctions, in several where we
able to maximise returns on turnover. As a note we also do in-house to
our customers as well, which help with the bottom line as well.
If you able to assist us let me know, we are working with a credit score beacon 680.
Regards