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$2,640,000 Purchase of 4 Burger Kings-Business Only No Real Estate!
Posted by admin in Brian's Blog, Recent Closings
Where? Louisville, KY
Type: This was done on an SBA 7A program. These were all leased properties. The size of the deal and the fact that no real estate was involved made it tough for most lenders but we got it closed! When you are thinking about acquiring a business, starting a business, or growing your business, you have just one number to call…Commercial Capital! Call Brian today at 866-355-1244!
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Brian,
Nice aricle. Did he cover the extra $112K to get it down to $2M for the 7a loan limit? 80% $2.112M!
Just making sure I am on the same page, or if there are new tricks to learn from the pro!
Brett Swearingen
Commercial Capital of Oklahoma
Thanks for a awesome post and interesting comments. I found this post while surfing the web for free stuff. Thanks for sharing this article.
yes, he came up with 25% when it was all said and done
Your welcome..thanks for visiting
Since there was no real estate involved, did the borrower need any collateral to get the deal done?
not on this one since the businesses were already successful and running