[B][FONT=Arial][COLOR=purple]

I am looking to expand my catering business and purchase a new location. I need $70,000. I will be willing to pay a return of $1000 per month for 6 months interest only with no prepay penalty clause. I would do this conventionally, but such is life.
Funds are needed very soon. Does anyone know of anyone or have an interest in this?
Email me at delasouls@yahoo.com

And no I can not sell my future Credit Card income. Once this has pass, maybe?

Thanks

The questions that come to mind here are:

1. Do you have any money to put into this purchase; of the new facility? If so how much (%)?

2. Will you require additional capital for equiptment, invesntory, etc.? " " ($)?

At 1000/mo. for 70000 you are asking for a rate of 17.5% IO, the lenders will love this, yet they are usually only willing to give ~65% loan-to-value; thus we will need to look at the possiblility of cross-collateralizing your existing real estate. How much equity do you have in your current building?

If you have further questions feel free to drop me a line! Good Luck.

I would suggest contacting the local Small Business Development Center in your area. These are usually located at a major university. Listings for SBDC's can be found at www.sba.gov

Also try www.score.org.

Both places may be able to steer you to angel investors or local business development loans and grants.

In your business, you may also want to try some of the restauranteurs or banquet facility owners. These people would be very familiar with food service and be more comfortable loaning you the money or perhaps partnering with you than the average person.

You may also want to check with some of your vendors. To keep you as a customer and to help you grow and increase their own sales, they may offer financing. Ask then if they know anyone in the industry who may be willing to provide short term financing. It's long shot, but vendor financing is a well kept secret in some industries.