Larry Voelpel
West Bloomfield, MI (USA)
Role(s):
Other
George's Honey Tree
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Startup
Location:
West Bloomfield
Industry:
Food Service/Restaurant
Year Founded:
1985
Number Employees:
10-50 people
Description:
I am a commerical loan broker looking for financing for a client. His restaurant has been in business since 1985 and has expanded twice-the current owner bought out the original owner in 2003 and has increased sales to over $2,000,000 annually. He leases the space-so no real estate is involved.
He is looking to expand and remodel and is seeking a loan of $300,000 to $500,000. This would payoff existing loan with a balance of about $175,000. Business is very profitable and can support the debt service. Borrower is willing to pay 9% interest and would like a loan for 3 to 5 years with a amortization of 15 years. Will give 100% personal guarantee along with corporate guarantee.
Business is located in West Bloomfield, Michigan one of Michigan's highest income areas-with one of the area's largest working population.
contact: Larry VOELPEL at [<a href="(URL removed)">send me a message</a>]
or email @ (URL removed)