ForumsFinancing Tips

Up to All Forums

This Question is Answered

1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)

20 Replies Last post: Aug 23, 2008 12:37 PM by finsolamerica

Need Small Business Loan - Have No Building (rent a building)

Dec 4, 2007 6:53 PM

happymax 5 posts since
Dec 4, 2007

Family owned roofing & contracting business looking for business loan. Each year business has grown in leaps. Started with no working capital; had each job pay for the next and wages. FICO score is 663. Not using home mortgage as collateral. Have trucks and equipment as collateral. In 2006 gross sales were 454,000. Need an angel out there for loan - not high interest rate. Need possibly $90,000 or less. Does anyone know of good commercial lenders that are ligit? Need to be led in good direction for a lender. Not looking for line of credit; just commercial loan. Currently rent a building for $795 monthly and pay utilities. Township would not allow to build shop on our property; this is reason for renting a building. Any suggestions from a business that started with no working capital like us?

Tags: Report as inappropriate

CorpCons08 1,128 posts since
Nov 14, 2007

1. Re: Need Small Business Loan - Have No Building (rent a building) Dec 20, 2007 2:26 PM

happymax,

I am a small business consultant in NY. I would be more than happy to work with you on getting the commercial financing that you need. Please email me at mailto:d.skolnick@skolnick-associates.com and we will discuss this further.

CorpCons08

Report as inappropriate

Lighthouse24 2,396 posts since
Oct 10, 2007

2. Re: Need Small Business Loan - Have No Building (rent a building) Dec 4, 2007 7:23 PM

"Does anyone know of good commercial lenders that are legit?" Yes. Can you tell us the purpose of the loan? (Options and available loan products that the community might offer would depend on that.)

"Any suggestions from a business that started with no working capital like us?" Yes. Can you tell us how long have you been in business? (If you're at least three years old and have a track record of steadily sustaining or growing the business each year, that can be an definite advantage.)

"Are you a small business consultant and how do I contact you?" I didn't actually see that question, but CorpCons08 answered it, so I won't (LOL).

Report as inappropriate

CorpCons08 1,128 posts since
Nov 14, 2007

3. Re: Need Small Business Loan - Have No Building (rent a building) Dec 20, 2007 3:27 PM

in response to: Lighthouse24

Thank you for not stepping on me Lighthouse24. That is why I like you.

Report as inappropriate

happymax 5 posts since
Dec 4, 2007

4. Re: Need Small Business Loan - Have No Building (rent a building) Dec 4, 2007 7:41 PM

in response to: CorpCons08

We see that both you and Lighhouse are consulting firms; associated fees? Have been in business since 1994; prior to that brother owned business and took ill; prior to that business was owned by father who expired in 1992. Initially upon taking on business (purchased from brother via a loan); as stated no working capital. Ran for the first 3 to 4 years negative and then suddenly took an upward motion increased gross profits. Still uncertain of who to respond to. Will wait this out and see what the outcome is on answers.

Report as inappropriate

CorpCons08 1,128 posts since
Nov 14, 2007

5. Re: Need Small Business Loan - Have No Building (rent a building) Dec 4, 2007 7:45 PM

in response to: happymax

I can establish a commercial term loan for you. The interest rate will be based on prime rate at the time of application. The associated fees to our firm are negotiated with your company and established in the form of the loan agreement and are locked in. You will not have to worry about terms changing. We have a normal turn around time of 48hrs maximum before a closing can occur, based on you getting us the information we need.

Report as inappropriate

happymax 5 posts since
Dec 4, 2007

6. Re: Need Small Business Loan - Have No Building (rent a building) Dec 4, 2007 7:57 PM

in response to: CorpCons08

Have your e-mail address. Would still like to wait and see other options that may come through. I like to do a lot of researching before I act. Will check internet for your firm. Have to keep our companies best interest at hand in the final decision we make. What is your name? Are you the owner of the company? This is our first time utilizing the forum and want to see what other options come along also. Thank you for your kind response.

Report as inappropriate

CorpCons08 1,128 posts since
Nov 14, 2007

7. Re: Need Small Business Loan - Have No Building (rent a building) Dec 20, 2007 2:26 PM

in response to: happymax

My name is Daniel, and yes I am the owner of the consulting firm. Our website is currently unavailable as we have hired a web designer to redo the page to include our newly acquired IT Consultation Firm. We appreciate you taking us under consideration. As a reputable consulting firm Internationally, we would be more than happy to provide you with several references prior to conducting the transaction you are looking for. Please let me know if that is something you would like and we will get right on that. Thank you once again and best wishes. CorpCons08

Report as inappropriate

happymax 5 posts since
Dec 4, 2007

8. Re: Need Small Business Loan - Have No Building (rent a building) Dec 4, 2007 8:07 PM

in response to: CorpCons08

Yes Daniel, references would be greatly appreciated since there is no web site for us to explore. Again, thank you!

Report as inappropriate

CorpCons08 1,128 posts since
Nov 14, 2007

9. Re: Need Small Business Loan - Have No Building (rent a building) Dec 4, 2007 8:09 PM

in response to: happymax

I can provide you with an emailed list. When you are ready, drop me an email and I will respond with the reference list.

Report as inappropriate

Lighthouse24 2,396 posts since
Oct 10, 2007

10. Re: Need Small Business Loan - Have No Building (rent a building) Dec 4, 2007 9:35 PM

in response to: happymax

I was just trying to answer the questions you asked (and maybe give Daniel a little good-natured grief). I wasn't trolling for consulting work. I will keep an eye on this thread and offer any input I think might help.

Report as inappropriate

CorpCons08 1,128 posts since
Nov 14, 2007

11. Re: Need Small Business Loan - Have No Building (rent a building) Dec 4, 2007 11:37 PM

in response to: Lighthouse24

Thanks Lighthouse for being a good friend. I need to send you something for the holidays.

Report as inappropriate

vivacomputers 6 posts since
Oct 20, 2007

12. Re: Need Small Business Loan - Have No Building (rent a building) Dec 5, 2007 11:34 AM

in response to: CorpCons08

That's wonderful. How would a person with a business plan go about obtaining funding?

Report as inappropriate

sdenman 5 posts since
Oct 22, 2007

13. Re: Need Small Business Loan - Have No Building (rent a building) Dec 5, 2007 2:45 PM

in response to: CorpCons08

Thanks, great info!

Report as inappropriate

CorpCons08 1,128 posts since
Nov 14, 2007

14. Re: Need Small Business Loan - Have No Building (rent a building) Dec 5, 2007 2:47 PM

in response to: sdenman

You got it...

Report as inappropriate

happymax 5 posts since
Dec 4, 2007

15. Re: Need Small Business Loan - Have No Building (rent a building) Dec 5, 2007 9:43 PM

I want to thank all that have answered me. We just had a death in the family; however, I will be in contact with CorpCons08 after all has settled down. Again, I want to thank all of you that added thoughts for my search.

Report as inappropriate

CorpCons08 1,128 posts since
Nov 14, 2007

16. Re: Need Small Business Loan - Have No Building (rent a building) Dec 20, 2007 4:11 PM

in response to: happymax

happymax,

My thoughts are with you and your family. Please pass on my regards.
I will speak to you when things have settled down on your end.

CorpCons08

Report as inappropriate

Smx2000 3 posts since
Dec 18, 2007

17. Re: Need Small Business Loan - Have No Building (rent a building) Dec 18, 2007 9:23 PM

Based on the information that you have provided I can lead you in the right direction to get the loan that you require. The business must have been in place at least for 2 years. Send me an email @ mailto:samixfin@yahoo.com and I can give you more details.

Report as inappropriate

BDS INC 131 posts since
Jul 20, 2007

18. Re: Need Small Business Loan - Have No Building (rent a building) Dec 20, 2007 3:30 PM

Have you started with your local banker? All the information is what they'd need to get going.

Report as inappropriate

MagPublisher 11 posts since
Dec 11, 2007

19. Re: Need Small Business Loan - Have No Building (rent a building) Dec 20, 2007 4:16 PM

in response to: Smx2000

what company do you work for?

Report as inappropriate

finsolamerica 39 posts since
Aug 23, 2008

20. Re: Need Small Business Loan - Have No Building (rent a building) Aug 23, 2008 6:27 PM

If you are still looking for business financing please review the following:

Small Business Finance Program

Does your business need funds to grow?

New businesses welcome

Credit Lines available from $100,000 and up

Six to eight week process from start to finish

Personal Credit Requirements – minimum FICO 625

No Financial Statements or Tax Returns Required

Modest initial cost, bulk of fees charged after lines are in place

Free Consultation

100% Success Guaranty

Contact us today:

FINANCE SOLUTIONS OF AMERICA, LLC

954-734-9669 or email us at finsolamerica@gmail.com

Report as inappropriate

Bank of America, N.A. Member FDIC. Equal Housing Lender

Bank of America is not responsible for user posts and other user content appearing on this website and does not endorse or guarantee the perspectives, the advice, the users, the businesses, or the products or services sold by any users or businesses that appear on this website.

ForumsFinancing Tips

This Question is Answered

Need Small Business Loan - Have No Building (rent a building)

Dec 4, 2007 6:53 PM

More Like This

Most Recent Forum Posts

Legend