$800,000 Commercial Real Estate Loan needed ASAP!?
My Partners and I are providing capital investments needed for operating capital, décor and design, however, our corporation needs 0,000 financing to procure the building and existing equipment for the restaurant location selected. The financing is required to begin work on kitchen design, architectural plans, manuals and recipe books, additional equipment purchases, and to cover expenses in the first year of business. We are getting this building for a steal. Does anyone have recommendations on which company (no banks) I can work with? I live in Florida but willing to work with companies anywhere in the USA.
Already conducted due diligence. Business plan including performa available.
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2 comments
Roy on June 30, 2009 at 11:59 am
Why not banks,I’ve been in business 30 yrs.
My bank has done EVERYTHING I’ve ever asked for.
Ashley on June 30, 2009 at 11:59 am
A small business loan is one of the most treasured commodities in the business world. It is still very hard to get despite the claims and promises of banks, credit unions, and other lending institutions that they want to help American small<!–business to survive and grow. In fact it sometimes seems that banks and other lenders want to see small businesses fail and only support those that survive the battle for customers, revenues, and finances during their first two years.
http://best-loans.awardspace.com/businessloans.htm
Getting a small business loan is most difficult during these first two years, when most businesses face a myriad of challenges involved with not only opening their doors, but hiring and training staff and meeting the demands of customers, clients–>suppliers and vendors. The main reason that the banks use for not granting many loans during this period is like the same reason that a student can’t get a job coming out of school. They don’t have the experience.