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Seeking an investor / individual person for business loan (Austin area) - Financial - Austin

Ad ID: 744116
Posted by: Unregistered user
Posted on Dec 06, 2017
Expire: Mar 06, 2018
Ads has expired
Hi there I am looking to obtain a loan for a business buy out
This is an established communications business that has been in operation for over 9 years
The current owner is wanting to sell due to their lack of time to maintain and grow the business
Currently the owner is the only person trying to maintain and operate the business while working a full-time job and also has other family / personal issues they have to deal with
The growth potential can be well over 5 times the current customer base
I myself have been in communications for over 20 years and have the knowledge and staffing to take this company to where it should be.
Why am I on here looking for funding? Well sometimes life just sucks to tell you the truth
I was sitting good and was in a good spot to go to a bank to get the funding or to another investment company for it, but then all of a sudden, I had some personal issues come up
Thus, in return hit me real hard, dropped my credit way below par to get any conventional funding, and have not had much luck on finding any other sources.
The asking price is $300k for equipment and everything related to the business, and is what I am asking for.
What I am offering to the investor? The investor gives me $300k loan, no credit checks, no docs, standard loan agreement notarized, ect
Loan for 5 year term @ 9.5 % interest which is above the average business loan interest rate of 6.5 to 9%
This makes the monthly loan payment $6301.00 /mo
plus, an additional $2800 / mo
for the life of the business that will go to the investor or individual funder
These figures are non-negotiable as they are already set to max and still allow the business to grow.
Who I would like to hear from? I would like to hear from anyone that is very serious about this opportunity
People that have the resources to utilize and is ready to deal right away as I have already been put off by others for several months now and the seller is now getting skeptical.
Who I don't want to hear from is anyone that is going to ridicule for this posting, do not want to hear from any "companies" unless they can guarantee funding right away with very little to no information needed and can meet my terms listed above
I am not looking for a business partner, so no one will be added to the business as a condition of funding.
Thanks for taking the time to read this post.
Any one serious about this proposal that have any questions or that is ready to talk about this please reply to the craigslist reply email
Again thanks for your time and I look forward to hearing from you.
  • it's ok to contact this poster with services or other commercial interests

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Ads has expired
Posted on Dec 06, 2017