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    5 Replies Latest reply on Nov 15, 2008 3:38 PM by answers

    Looking for money to expand repo business

    Dallen Newbie

      Any idea's, I own a large Ca. repo business. I want to expand and pay down some credit that is causing too much payments per month. I currently pay $9000 a month on 70K debt. Obviously I dont pay the minimum, but I want to get into one line of credit rather than the 5 I currently have. I have a house I live in and 5 rental, unknown what they are currenlty worth. I have been in business for 9 years. I think I want to try and get an SBA loan for arount 100-150K, does anyone know which SBA loan I should look at. I call my personal banker and ask him but you know how they are. Any idea's let me know.