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Need Working Capital, Welcome Aaron

You Need Working Capital. I need to see a Business and Marketing Plan.

Sources of capital, investors and lenders will not consider providing funds to you without a plan.

Talk to me, LUCKIEST

Not sure there are many options for you in this market. You should already have a relationship with your SBA lender. Are they not willing to help you through consolidation or restructure? Further, banks and other financial institutions don't like the word "consolidation." It just means trouble and are very hard to get approved.

On our website, we may have a few sources that could help you. Under our commercial mortgages link - you can search for financial companies that could help you - just search for what you are looking for - e.g. re-finance or consolidation. Under our business loans & lines of credit link - you can search for some companies that could help with the working capital side.

The reason I suggest doing both is this: If you were to refinance or purchase a piece of property - your LTVs would be in the 70% to 80% range - meaning you would only need 20% to 30% equity. But, the minute you say 'cash out' for working capital - your LTVs (Loan-to-value) drop to 55% to 65% - meaning you need a whole lot of equity in the property.

But, think about refinancing the properties under one note - which could help minimize your anticipated cash flow losses. Then, look for a business or personal loan (could even use only your husband's income and credit for a personal loan) to get the working capital you need.

While this is a great time to start a business (e.g. low costs of entry and low operating expenses - more power for the entrepreneur) it is a very hard market to get financing.

Good luck,

Business Money Today
www.businessmoneytoday.com

Thanks for the reply. I dont need to consolidate, I am mention that as just another option to a potential lender. I really just need the extra capital and I am willing to do what it takes to get the funds. I will check out your website.

A big problem for me is that my business is a non-inventory, non-equipment based business so there isnt much to take a security interest in.