Looking for Capital

[kavedoggie]

I have negotiated a deal to purchase an existing business. The total deal is for $1.2M with the seller holding a note worth $600K. I have $250K to put in myself and need another $350K to close the deal. The only caveat is that the owner will not subordinate his position so I need a lender willing to take a secondary position. The company has excellent fundamentals and generates net income of over $500k annually. I personally have over ten years experience running a business in this particular industry and the seller will remain for two years through the transition.

I would pay back the loan over three years at 8%. If anyone is interested, please contact me.

David