Commercial Business Loan in Hueytown, AL – Requesting 45000 — Hi My name is B. Allen and we operate Allen’s Metal shop here in the city. We are looking for a commercial loan to help us acquire a new lathe so that we can tap into an expanding market in the metal industry. We have researched this market and know that there is lots of business available for us and little competition. There is apparently a 6 month waiting list at one of our competitor’s shops, so we know there is a good business to be had.
If we can get this new lathe installed, we expect that it will generate over $200000 in sales during the first 6 months, provide for 10 jobs assuming two shifts and we will add another sales person as well. In addition, since we will acquire new customers, we also expect additional sales for our existing business operations.
This is an excellent opportunity for your lending institution to lend money to a solid business here in town with little risk. Please give us a call to discuss details.
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