My company, Huntington Coast Capital, is a capital markets advisory firm established in 2010. While our focus has traditionally been trade finance for manufacturers, wholesalers and service companies, we have experienced an inflow of restaurant and bar owners looking to expand their operations.
In brief, there is a government sponsored loan program being offered currently at 6% APR (tied to Prime) that can be used for working capital and/or equipment purchases. It has been designed to stimulate the economy and get capital in the hands of business owners looking for funds up to $150,000.
General program details include: 10-year amortization on the loan, no prepayment penalty, business can’t have any liens, suits or judgments against it, no bankruptcy in the past three years, must be in business for over two years, and the owner(s) must have decent personal credit (above 670 FICO).
If you are approved for the full $150,000, your monthly payment is around $1,600 including principle and interest. This is by far the most cost effect product on the market at this loan size.
Think this product could bring value to your business? Inquire here and let’s discuss further.
To you success!
Patrick Zazueta | Founder
Huntington Coast Capital, Inc.