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Mainstream

posts: 2

Nov 26, 2007 8:53 PM ET Quote Report Abuse

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Looking to get a buisness loan, My credit is not good at all,My Gross sales is great. But with the way our business grew, It`s has made a major cash flow problems.

I`m 100% on my corporation,If I changed ownership, and made my grandfather 50% owner and me 49%, Would he be able to get a buisness loan. He has agreed to doing this, and his credit is excellent.

What dose everyone think?

sagetrout

posts: 28

Nov 26, 2007 11:00 PM ET Quote Report Abuse

Points: 0 Vote

Hi Mainstream,

Without knowing more about your business, it`s difficult to tell you what your best options are. I`m a commercial lender and I have a lot of options to solve cashflow problems depending on the situation. I`d be happy to discuss that with you if you contact me at the number below.

While growth can be a good thing, it can cause problems with cashflow. As a corporate manager I`ve had to manage many businesses through cashflow problems. I have a lot of experience with this and I may be able to give you some ideas beyond discussing financing options.

I`ll look forward to hearing from you.

-------------------------

Doug Atherton
Regional Vice President
Equity Corporate Finance, Inc.
DouglasA@equitycorpfinace.com
888-498-8999 ext. 109

Roblue

posts: 74

Dec 11, 2007 10:09 PM ET Quote Report Abuse

Points: 0 Vote

If you approach www.thesnaploan.com, using your grandfather who has 50 percent ownership, you may be able to get up to $500,000, considering you are an established business.

While there are no gurantees, it`s worth a shot. It`s the one I used.

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