The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

NJ LLC w 550k gross needs 75k-400k debt consolidation loan. 5-10yr term. 15 vehicles, no RE owned, interested?

My NJ school bus company currently services debts totaling 420k at varying rates and repayment schedules. I would like to take at least 75k of that and do a consolidation loan with a 5-10 year repayment schedule.

Our company doesn't own any real estate but we do own 15 vehicles outright. We gross 550k a year from our school board clients through contracts that renew annually. We currently service all debt in a timely manner, on top of officers' salary totaling 95k a yr.

Looking for loan officers or possibly an investor that would let us get out from under some of the more onerous debt and into a reasonable payment term.

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, illegal activities, or to rant about personal issues. Please review the full guidelines if you have any questions.

Submit Your Answer