EXAMPLES OF RECENTLY CLOSED LOANS:
ISSUE 1: A 350K CPA firm had roughly 150K of business debt, including a bank loan, line of credit and credit cards used in the business. In addition, the owner wanted to acquire the building he was currently renting and had about 15K in new equipment purchases he wished to make.
SOLUTION: We put together a 260K loan that allowed the owner to re-finance all business debts, borrow 15k for new equipment purchases, borrow the money to make a 20% down payment to purchase the building and provided some additional working capital. The owner was able to purchase the building he operates his practice from and cash flow was also improved on the re-financing of the business debt.
ISSUE 2: A 1M CPA firm had roughly 600K of business debt on the business. In addition, the owner needed 140K cash.
SOLUTION: We put together a 740K loan with a 15-year term that improved the cash flow of the practice and got the owner the 140K cash he needed.
ISSUE 3: A large multi-partner firm had made several acquisitions over the past 7-8 years and had about 700k in total business debt. In addition, the partners had injected about 300K of their own money into the firm. The monthly debt service on the 700K of debt was almost 30K per month!
SOLUTION: We put together a loan for $1,000,000 to refinance all business debt including 300K of cash back to the partners!Here’s the best part….the 1 million dollar loan improved their monthly debt service by $20,000 per month. Their old monthly debt service was 30K/month — New monthly loan payment – 10K/month!