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    1 Reply Latest reply on Jul 14, 2008 7:17 PM by dtominus

    Consolidating debt and additional capital

    pernell4 Newbie
      I sell gazebos, sheds, and playhouses. I have been in business for 2 years. Since Aug 2006, we have generated over $800,000 in revenue. I currently have 40 buildings on my lot with a wholesale value of approximately $80,000. My wife and I used personal assets and high rate credit cards to start the business. We currently owe about $60,000.

      Our personal and business payment history is impeccable. Because of the amount of debt we carry, our credit scores are in the 650-680 range. We would like to consolidate our debt and obtain additional capital for expansion.

      We are hoping to secure a credit line or fixed term loan with a reasonable interest rate between $80-120K. We are currently paying a minimum of $2,200 a month towards our debt.

      Please email me at edsamishsheds@bellsouth.net if you can help.