Forums: Discussions for entrepreneurs and small business.

Is there a site like prosper, but for larger loans?

I am not aware of a site like prosper for larger amounts.

How much are you looking to acquire?

Robert Johnson

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

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

We have 6 stores, and we would like to payoff exisiting high interest leases, for one of our stores that has been open for  12 months.

The math finally works to offer the leasing company a buyout.

There are four leases totaling $175,00, but they are all seperate leases, so my request could be for only $25,000 to pay off one, or the $50,000 to pay off two, I can break it up into smaller pieces.

I ran an ad in our local paper highlighting $50,000 needed secured by equipment 12% return, established business 3 years...and only had one call.

I might try it again, but for a larger dollar amount to attract a different level of investor.  

Can you place an ad on prosper for your LLC, utilizing your ein # ? Can you have more than one prosper loan?

 

I would suggest talking with asset lenders to determine what kind of support they can offer. If the equipment value will provide enough collateral - this should be pretty straight forward.

Robert Johnson

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

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

I have been researching Leaseback options. Has anyone worked with someone good in this form of financing?

No credit checks? Please explain how this works. I am a little skeptical.