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Do I Have Equity If Appraisal Is Higher Than Purchase Price

Question – I have the opportunity to purchase a building next door to our current facility at a significant discount to what I believe it’s worth.  If the appraisal is higher than purchase price can I borrow additional money through that additional equity?     Our Response – In most cases the answer is no.  Having

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How Does Accounts Receivable Financing/Factoring Work?

Question – How Does Accounts Receivable Financing/Factoring Work?     Our Response – There are some instances where a loan may not be the best option such as when a business gets a large order but doesn’t have the cash to purchase the inventory or wait for payment. If this is the case, accounts receivable financing

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How Much Are SBA Loan Fees For a 7(a) Loan?

  Question – How much are SBA loan fees for a 7(a) loan?     Our Response – On an SBA 7(a) loan there is a guarantee fee of approximately 3% of the guaranteed portion of loans less than $1,000,000 and approximately 3.75% of the guaranteed portion of loans exceeding $1,000,000.  The guaranteed portion is

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Expansion Loan For A Winery

Question – We own a successful vineyard and winery in Indiana that has been in business for 15 years.  Over the years we have built a leading brand in our region through a great product and aggressive retail distribution but what makes the most profit is through tasting room sales. Our current problem is that

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Money To Expand My Children’s Consignment Store

  Question – I opened a children’s consignment store in July of 2011.  As a single mother of two girls who enjoys shopping  for them I was frustrated about how expensive it is to buy clothing and toys for them so I started my store specializing on selling new and used children’s items such as

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