Hi, I'm attempting to purchase a local retail beer store and was just turned down by a bank for insufficient collateral. The agreed upon business price is 440k plus inventory of about 50k, gross rev is about 800k, gross profit 160k. I'm putting down 100k cash and there is sufficient pos cash flow after debt service. My only other assets (other than the 100k cash) are 100k in 401k and about 120k in home equity. My wife is going to continue to work and makes enough to cover our household expenses so cash flow is not a problem. Does this seem like a doable loan, or will I get killed again for no collat? Thanks...

PT,

I have a better option for you, I can get this done without any collateral. Give me a call or e-mail you tel. # today so we can get working on this:

Sent you a PM, thanks

No collateral?

Would you care to explain?