Looking for lender for business acquisition

[Andrew Shelton]

Hi, I am looking for a private lender for a business acquisition. This is a turn-key business that is currently cash-flowing. I am looking for up to $200K to finalize the deal. Please send me a PM for additional information. Thanks! 

Loan Amount: $200,000

Purpose of Loan: To finance the purchase of a website that generates revenue of $532,000 per year with a net profit of $312,000 per year.

Repayment Schedule: Monthly payments over a period of 5 years (60 months) at a fixed interest rate of 7% per year.

Collateral: Investment property in Gatlinburg, TN with approximately $142,000 of equity will serve as collateral for the loan. Current estimated appraisal amount: $395,000 with $253,000 remaining on the loan.

Use of Funds: The funds from this loan will be used to partially finance the purchase of the website. The borrower will contribute the remaining funds needed to complete the purchase.

Projected Financials: Based on the revised loan amount and the revenue and profit figures provided, it is expected that the loan will be paid off within 5 years and result in a net profit for the borrower. The investment property with $142,000 of equity as collateral provides security for the loan.

Thank you for considering this loan proposal. We look forward to the opportunity to work with you.

Andrew