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Looking for a loan of 400k for nightclub purchase.

Strong management experience running nightclub environment. Buisiness plan is available for those persons of serious interest only. Loan repayment (prime (3.25%) + 4.75%=8%) for 7 years or (prime (3.25%) + 6.75%=10%) for 9 years. Business has 300k cash flow.

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Howard W

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Answers (5)
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Biz2Credit LLC
New York County, NY


Does the business owns the real estate or it is on lease. Biz2Credit ( can help you to get financing for your business. We have 100 plus lenders offering 150 plus financing products. Register for free and chose the case manager option to get started.

Jul 23, 2010
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The BAF Group LLC

You will almost certainly have to look for Seller Financing.

Feb 21, 2010
Jack Morehouse
Financial Cornerstone.

Hi Howard...

John who responded before me is the closest to accurate. He is just too much of a gentleman to be as blunt as myself. I have never met him and never spoken to him.

However, there is NO CHANCE someone is going to lend a stranger 400k....let alone at only 8%. No matter how experienced you are, the risk of failure in the restaurant, bar, club industry is enormous. You will absolutely have to put up sizeable collateral...most likely at least double the amount of the money you would like to borrow and then expect to pay anywhere between 10% and 14% or more.

Simply put yourself in the shoes of the person you are trying to attract....would YOU give someone you never met 400k for seven years only 8% if you had that kind of money?

That answer should answer your query very clearly. Good Luck!!

Feb 20, 2010
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For that kind of investment a prospect would probably want a serious chunk of the business and/or a much higher interest rate. There are many mutual funds making way more than 10 % so it would be really a shot in the dark that a stranger is going to give 400k to you. Risky business for sure.

Feb 20, 2010
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How to Buy a Business

What's the collateral for the loan? House? Real estate?

Feb 20, 2010

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