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9 Replies Last post: Jan 15, 2009 2:14 PM by moneyresource

Look For Money But Little Credit

Jan 14, 2009 12:33 AM

Click to view superbike1's profile Professional superbike1 4 posts since
Jan 13, 2009

I'm working for a motorsports company well the owner came to me and told me he was going to close the business unless i wanted to take it over. well the business does well, its be upper and running for 4 years it makes about 91,000 a year. well i have tryed for a home loan (home worth 150,000) but i have very little credit so i can't get the loan. i'm looking for a 50,000 loan. how would i find this kinda money with little credit?
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,938 posts since
Aug 6, 2007
1. Re: Look For Money But Little Credit Jan 14, 2009 6:39 AM
Look For Money But Little Credit, Welcome

Who are you?? What state is this business in??

I made a New Year's resolution NOT to give out suggestions to postings who do NOT tell me who they are. Go
to Members page and share some info with us.
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Click to view superbike1's profile Professional superbike1 4 posts since
Jan 13, 2009
2. Re: Look For Money But Little Credit Jan 14, 2009 8:20 AM
My names tommy, The business is in Winston-Salem, North Carolina
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Click to view Bridge's profile Mogul Bridge 364 posts since
Jun 3, 2008
3. Re: Look For Money But Little Credit Jan 14, 2009 12:06 PM

Why $50,000?
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Click to view Tony2009's profile Mogul Tony2009 13 posts since
Nov 17, 2008
4. Re: Look For Money But Little Credit Jan 14, 2009 3:06 PM

If you can help this business owner get money before he decides to close up shop. You may score some cool points with them and diminish what you may owe in the future for taking the business over simultaneously. Tell the business owner to contact 877-700-7947 Ext 1232. Ask for Mr. Keith.
Best of Luck!
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Click to view amspcs's profile Mogul amspcs 516 posts since
Oct 18, 2007
5. Re: Look For Money But Little Credit Jan 14, 2009 3:41 PM
Does the business accept payment by credit card? If so, you can very likely get your money
in the form of an advance on your credit card receivables. If you have limited/poor credit, this
might be your only most reasonable solution by far--steer clear of the "no collateral, no credit, no problem' guys. When it sounds too good to be true, that means it is. . Please email me with details and we'll discuss.

AMSPCS
amspcs@juno.com
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Click to view superbike1's profile Professional superbike1 4 posts since
Jan 13, 2009
6. Re: Look For Money But Little Credit Jan 14, 2009 8:10 PM
Bridge u ask why 50,000 well that would get the new porduct i want and pay the bills for a year, Plus it gives me room to order layways for 90 days til they pay in full.
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Click to view superbike1's profile Professional superbike1 4 posts since
Jan 13, 2009
7. Re: Look For Money But Little Credit Jan 14, 2009 8:14 PM
Tony2009 I talked it over with the owner. The owner wants to put most of his money in is wholesale business. He want all th way out of the business.
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Click to view madieve_tt's profile Authority madieve_tt 12 posts since
Dec 21, 2008
8. Re: Look For Money But Little Credit Jan 15, 2009 1:45 PM
in response to: LUCKIEST
Luckiest, thank you for the tip about (SCORE) I have learned a lot already just by listening their podcast, and other legal things, and I'm planing to attend to one of their free seminal.
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Click to view moneyresource's profile Authority moneyresource 18 posts since
Jan 6, 2009
9. Re: Look For Money But Little Credit Jan 15, 2009 2:14 PM
You stated that you looked into pulling the money out of the house and were not able to do so. Do you happen to know what your scores were when the mortgage company pulled your credit? There are many alternative ways of financing either with a personal guarantee or based upon future receivables. Please contact me at moneyresources@hotmail.com
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