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5 February 2025 | 17 replies
Using a smaller bank or credit union is the way to go.Being that you have been in business for 10 years I am VERY surprised your business banker can't help you!
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9 February 2025 | 5 replies
Quote from @Don Bessette: First, you need to realize this is a business relationship.
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13 February 2025 | 16 replies
Again, you do NOT ask them for their business, you ask them for referrals with, "Who do you know that...".Also, how many times did you contact your sphere last year?
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12 February 2025 | 11 replies
I don’t see anything wrong with endorsing a business that is great at what it does.
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13 February 2025 | 1 reply
We rented the 2/1 side for $1300/mn and thought we could finish the addition of the bath and closet but got so busy with my construction business I still have not completed the work.
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12 February 2025 | 5 replies
I used the proceeds to start my business.
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11 February 2025 | 4 replies
Even as a broker there are many sleazy Account Executives that try to win my business with terms or extra compensation.
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13 February 2025 | 16 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
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29 January 2025 | 2 replies
@Kenneth Joseph Perfido If you’ve moved to a new state and plan to conduct business there, you generally have two options: register your existing LLC as a foreign LLC in the new state or form a new LLC in the new state.
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6 February 2025 | 7 replies
I have watched her grow her business since the beginning stages.