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Lobby Financial Feast topic #14

Subject: "Unsecured Loan for biz expansion" Previous topic | Next topic
BloomtasticFri Aug-11-06 10:10 AM
 
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"Unsecured Loan for biz expansion"


          

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!

  

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Replies to this topic
Subject Author Message Date ID
RE: Unsecured Loan for biz expansion
Aug 13th 2006
1
RE: Unsecured Loan for biz expansion
Oct 25th 2006
2
RE: Unsecured Loan for biz expansion
Oct 28th 2006
3
RE: Unsecured Loan for biz expansion
Oct 29th 2006
4

ciliciafundingSun Aug-13-06 07:42 AM
 
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#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 robert@ciliciafunding.com

  

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wjtoppWed Oct-25-06 09:41 AM
 
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#2. "RE: Unsecured Loan for biz expansion"
In response to Reply # 0


          

Still looking? I have a contact who probably can help thru creative financing. There is some qualifications needed, but not that extensive.

Regards,
Bill

  

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PhanntomSat Oct-28-06 07:23 AM
 
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#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

Denny

  

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StrategistSun Oct-29-06 07:49 PM
 
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#4. "RE: Unsecured Loan for biz expansion"
In response to Reply # 0


          

I recently met with someone from Wells Fargo. They have a special loan if you have good credit. Loans are for under 50K.

However, I would talk to someone at SCORE or SBA. I would not get more into debt without some counseling.

Maria Marsala

Let me help you substantially grow your financial advisory business or nonprofit with P.E.P. Increase productivity, efficiency, and profit.

Learn more and get free tips at http://www.ElevatingYourBusiness.com

  

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Lobby Financial Feast topic #14 Previous topic | Next topic
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