What is the outlook for a business loan for a motel, my good credit, 75% IRA backed [Archive]

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SkyWriting

11-15-2019, 05:24 AM

I'm seeking a motel purchase loan for about 25% more than my IRA savings. The motel is near a tourist destination.
With Excellent credit, can I look for more than my savings total?
Thanks

beetee

11-15-2019, 09:16 AM

I'm seeking a motel purchase loan for about 25% more than my IRA savings. The motel is near a tourist destination.
With Excellent credit, can I look for more than my savings total?
Thanks

I may be able to assist. Let's talk so that I can understand what you are doing. :D

SkyWriting

11-15-2019, 10:00 AM

I may be able to assist. Let's talk so that I can understand what you are doing. :D

I am only seeking advice. Not any loan offers,

beetee

11-16-2019, 11:22 AM

I am only seeking advice. Not any loan offers,

I do not have a loan offer. There is not enough info for me to give advice. Best to you. :cool:

GPS153

02-02-2020, 01:29 PM

Do you have any experience in the hospitality business?