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Existing 11yr biz wants aquire larger biz/same industry to grow, good credit but tight on expansion cash ?

We manufacture sign lettering from metal wood and plastic. We are also distributors of similar products for 3 other mfgs. Current annual gross 500K+ with 150K net and 60% of product currently mfg in house. Problem is we have been saddled with debt since inception 11 years ago and we recently took an SBA consolidation through our bank 350K/10 yr with liens. We own the property (5 acres), 3000 sqft cnc/laser mfg shop and 3 BR house in Montana. Sales all come from internet website and sales have increased annually. We feel the easiest way to grow would be through aquisition of a larger biz in same field, but how to do that with so little capital and bills to pay? Local bank will not finance anything out of state. Prefer Florida area.

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Answers (7)
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IC Tool Suite
Sarasota County, FL

Hello leigh,

If you or any assocaies have good credit I may be able to assist.

FUNDING AMOUNTS * (50K - $150K per individual - spouse or partner can double the fund amount - average week processing time 4-12 weeks based on credit report)

NO COLLATERAL REQUIRED - UNSECURED - MINIMUM DOCUMENTATION - NO DOWN PAYMENT

GOOD CREDIT SCORE REQUIRED * (700 or better with minimal inquiries and late pays, a lower score delays processing time)

FUNDING NEEDS TO BE RUN THROUGH A CORPORATION THAT IS 2 YEARS OR OLDER OR ONE WILL HAVE TO BE PURCHASED

MOST RATES RANGE FROM 7% - 10% FOR QUALIFIED CLIENTS. CLIENTS WHO SEEK AMOUNTS LESS THAN $100K MAY SEE RATES FROM 10% - 13%. (Application fees normally $1000 - $1500 - costs substantially less in fees/interest than most Banks or SBA loans)

FLEXIBLE PLANS WITH EASY APPLICATION PROCESS

CASH AVAILABLE FOR ANY USE

Another Alternative:

If you have money in a 401K, IRA or other Pension Accounts you can also use those funds to establish a business legitimately! You DO NOT incur penalties to do this!! A set up fee would be required and you would need to establish a "C' corporation. I minimum of two people must be on payroll and you would have to one of them.

Please let me know how I can further assist in your quest to seek money.

Kind regards,

John Briches
Account Executive
Macro Business Capital
941-447-8370
johnbriches@mbcfunds.com
www.mbcfunds.com/johnbriches

Sep 7, 2010
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New York County, NY

sorry did get any message. email me your phone # to wlee@tmo.blackberry.net

Sep 3, 2010
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William I left my number at your office.

Sep 3, 2010
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Wave Realty, LLC
President
Philadelphia County, PA

Have you ever considered selling the real estate and lease it back for an extended period? Companies have used this strategy to grow, essentially you are not in the real estate business and sometimes owning the real estate could hinder the growth of the business. Just my thoughts, I am an entrepreneur and CPA and I love to share my insights. Victor

Sep 3, 2010
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Corporate Financiers
President

Leigh,

I utilize certain national SBA lenders that would consider the cash flow of the existing business to be bought despite perhaps the amount of debt on the current business. In all likelihood, you would get another consolidating SBA loan with the proceeds used to payoff existing debt and to purchase the new business, that way the new lender has a lien on the new combined business and the cash flow from this combined business is considered for debt service.

I am an experienced Banker by trade. I have worked at fortune 100 finance firms including Merrill Lynch. I am an advisor first and intermediary second. I do not make you fill out cumbersome online forms. Give me a call if you want to discuss further, no obligation. Todd 312-488-3505

Sep 3, 2010
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Biz2Credit LLC
New York County, NY

Leigh,

Biz2Credit (www.biz2credit.com) can help you in getting business acquisition loan. If you come up with 15% down payment and can get a seller note , we can help you in getting rest of the money. Register for free on www.biz2credit.com and chose the case manager option to get started.

Sep 3, 2010
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New York County, NY

Leigh
call me I can help @ 646-206-0177
thanks
William

Sep 3, 2010

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