Id say about 12K
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Id say about 12K
What you have invested, and what someone would value it at are two vastly different things, especially if you don't have receipts. I don't know how much a car/truck will make or break a loan anyway unless it was worth substantially more than your truck. Call it $4-6k.
We have receipts.
Seems like a loan against an old truck would be hard to come by, even with receipts. The banks is just going to see it as an old truck, unless you have it professionaly appraised...maybe that might make a difference. I really don't think the reciepts is going to make a difference....do you think the loan officer is going to come out of the bank and look at the truck?
insure it for the value of the receipts and use that appraisal.
Ok, a little back story. The loan is going to be for approx. 1.1 mil. I am just adding up all my assets, and wanted a fair number for the truck. I have WAY over 10k invested in it, so I figure that is a good number to start with. If they don't like it, I am sure I can work on it. This loan will get me out of the sand box immediately also, and the seller will not wait to sell it. Either I get it or I don't. I don't think it is a problem, as the business has decent cash flow already. More to follow once I get more info.
You're the one opening the Hooters in College Station!!! Ed, you're a GENIUS!!!!
:flipoff2:
If you need a cosigner let me know :DQuote:
Originally Posted by DRAGOONRANCH
Damnit Jimmy, how'd ya guess. :D
and I would think that would not be near enough to even get your foot in the door w/ hooters. :eek:
i didnt know the silk stocking was for sale
now that would be right up my alley there. :gigem:
and for that much, it would be the most pimp joint ever
Now you just need to find someone that can add em up for you.Quote:
Originally Posted by Reckless
:laughing::laughing:Quote:
Originally Posted by afroman006
ZING!!
:gigem: