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Help for my distressed business

Jan 03, 2017 posted by HVACRTOOLS

13

In USA, New Jersey. Me: stupidly thought I could remove 900K from my thriving business to build my dream home without damaging the business. Fast forward to today and I stand to lose both without an investment.

Could use a private equity loan or willing to take on partner. There is a lot of debt but with proper level of investment (not as much as you think) turnaround would occur within 9 months or so.

2015 sales: 6 million with a staff of 4 (inclusive of me, not drawing a salary) - we are a wholesale distributor of tools, test equipment, safety and MRO supplies. Two e-commerce websites, ebay store, amazon store and we sell several products directly to Amazon.

Company is a proprietorship which expedites the need for a solution. Would like to incorporate after we are fixed.

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Reply from Mr Greg Anthony

Added on Oct 20, 2017 17:29

Are you in need of any kind of loan ?? if yes then contact me today for a quick loan at the interest rate of 3%. Company Phone Number: Text or Call us :1 (607) 210-5823 Company Email: Happinessloan120@gmail.com Name: Mr Greg Anthony

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Reply from Freddie Hurd

Added on Jan 04, 2017 10:35

Hello HVACRTOOLS, I am reaching out to some in my network who can provide you with some advice and guidance. Fred.

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Reply from Beth M

Added on Jan 04, 2017 10:36

Fred - that is really nice of you. Best of luck HVACRTOOLS.

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Reply from HL

Added on Jan 04, 2017 10:40

Bad decision...you should never tie personal with business. Hopefully you can get some advice and guidance here - or at minimum sell the entire business. You're definitely in the right place now. Good luck.

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Reply from Bill W

Added on Jan 04, 2017 17:10

Hey, I would definitely incorporate the business then rollover all the assets, liabilities and goodwill in exchange for shares in the new company. Then I would ask the debtors if they would consider to exchange debt to equity that is shares in the newly incorporated company or ask the current debtors to extend a temporary bulge in their loan for say only 10 months. Let me know if you understand or have any other questions. First step is to find a buyer or partner and you're at the right place. I would suggest posting a listing on BizON in order to connect with some potential buyers/partners that would be interested in this scenario. Bill

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Reply from Kumar

Added on Jun 28, 2017 01:20

Hai Beth, I believe you had a turnaround situation in your business, if not then please allow me introduce one of the expert who could be your best support in this distressed situation. Plz feel free to communicate with me on skype hemanthkumarmuppala Regards, Kumar

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Reply from Barbara23

Added on Jul 13, 2017 14:27

Do you need a quick loan to invest in your business long or short term loan with a rate of relatively low interest rate as low as 3%? Loan offer business, personal loan, home loan, auto loan, student loan, debt consolidation etc. No matter your score, if yes contact us via email: ( viva_loan@cash4u.com ) ...

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Reply from Ramsey Mike

Added on Feb 08, 2018 08:43

I just receive loan from the European Company,i am here to recommend you all in need of financial assistance to contact Mr William to get a loan.I was in need of $20,000 loan to pay my bills, I contacted him and i receive my loan successfully.kindly contact Mr william via email for your loan: europeaninsurancecompany@gmail.com