I am looking to expand my business by aquiring another retail flower shop. I am looking for unsecured business loan for around $45K. Does anyone know where I can go? My credit is good but I am maxed, so not sure how taht will way on things....Thanks!
#1. "RE: Unsecured Loan for biz expansion" In response to Reply # 0
We have an usecured product available, but I must admit it is not easy to qualify for. It is for established businesses that have above 700 fico. We also provide equipment leasing for expanding small busineeses that is much easier to qalify for. You can include all your furniture, fixtures, and equipment, plus some of the soft cost, in the lease. If you are interested in knowing more, please call me at 818-674-2602, or e-mail at firstname.lastname@example.org
#3. "RE: Unsecured Loan for biz expansion" In response to Reply # 0
The amount you're seeking isn't unreasonable but you'll have better success with anyone if you develop a business/acquisition plan that shows how the new business will be able to repay the loan. Something else that should be addressed is any effect that the new business will have on your existing one. i.e. Will it draw business away from your existing business, will both businesses benefit from an economy of scale..like buying power etc. These are questions you should want answered for yourself more so than for a lender. Good luck Denny