Equipment Leasing | Commercial Mortgage

melinda asked:


Myself, my partner, and a friend have just rented out a space to open up our own gym. The original plan was my partner is the trainer, the friend starts the business up and I work on the media, marketing side and help with classes.
So far it is just my partner who is receiving an income, from the classes and pt’s and he used 35% of what he makes to pay the rent of the space.
So far, we’ve all invested £200 each to get the admin side started. The friend opened a blog page which I have developed and maintained.. He also started a twitted page which is maintained by my partner.
I have developed contacts with a printing service and design and provided and covered the cost for banners, flyers, business cards etc..
The friend donated some of his ‘at home’ gym equipment and my partner and I bought some professional equipment.
Our friend has gone on to develop some contacts and got a 30% discount on professional equiptment.
I am looking to invest more time and money into the gym and looking to possibly become certified to help in classes as they grow.
However the problem at the moment is that the friend and my partner agreed on a 50/50 split. 50% to the friend and 50 split between myself and my partner, meaning 25% each. The friend agreed to this but is unhappy that I am classes as a business partner. He has suggested that I am employed by them but that I have no say or sharein the business. My partner Is not happy about this either but is concerned the friend who is about to make a 2000 injection into the company will pull out..
Our friend has already expressed that this is not career as he already has his own business, it is an investment into a hobby..my concern is that his knowledge of business is working solely in his interest and that when we come to buy him out which he is expecting in a year to two years we are going to be in a weak position.
I have thought about going to the bank for a business loan as the maximum amount we would need is £5000..

Any ideas??

Commercial Equipment Leasing, Commercial Mortgage, Business Equipment Loans, Investment Property Loan For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

mickey135 asked:


Executive Summary:
1. Applicant/Company Information

-Name: Design coffer shop
-Address:132 Cedar Grove Rd, Ruckersville, CA 90324
-Phone: (909) 834-3434 Fax: 904.326.1039
-Contact Person: Evelyn Reyes
-Business Structure:
Sole Proprietorship
- Banking Information:
Bank: Wells Fargo Bank
Address: 3035 Van Buren Blvd Riverside, CA 92503
Phone: (951) 351-3402
Contact: Erica Smith, Financial Services Manager
-Anticipated Start Date:
Design coffee shop it well began operations in November 2009, and we going to prepare the plans to undertake a small expansion. As soon as possible after the scoping plan approval.

Brief outline of your business concept:

Design coffee shop is company involved more greatest the originally coffee shop. It providing graphic design and marketing communication services. it not provide big business . It just likes a small business
Every day, millions of Americans wanted to sit down and enjoy the smell cup of coffee and lay back & see the background artwork from graphic design artist.
“A person had dreamed to spend more than 50 cents for a cup of coffee. A few years, now they glad to pay $1 to $4 for their cappuccino, mocha latte or vanilla ice blended drink.” The specialty-coffee business is growing at a healthy pace.
The completive the Starbucks, The Coffee Bean, Pet’s, Dietrich’s and other major chains serve average quality drinks in establishments that have the same generic design appearance. Indeed, Starbucks and The Coffee Bean are often referred to as “fast food” coffeehouses due to their “cookie cutter” design. Now that Americans’ coffee preferences have broadened and matured, many are asking for more from their design coffee shop.
We offer high-quality products in an upscale environment. Furthermore, our high-profile location in San Bernardino provides a mixed customer base that will maintain high levels of business in every season, at all times of the day, every day of the week.

Vision and Mission Statement
The design coffee shop will become the more like small museum. We will serve a perfect product at a very reasonable price. We will also be a meeting place for graphic design artists and a place for them to show off their work. We will create an atmosphere conducive to creative expression and promote the creative process.

Our primary goals over the next year are:

1. Secure financing for start-up of at least $10,000 for space and equipment.
2. Renovate our space in Old Town.
3. Acquire equipment necessary for business, i.e. coffee pot, cappuccino machines, blenders, etc.
4. Make agreement with coffee distributors, and bakery vendors.
5. Create a cozy, artist friendly environment (i.e. choice of colors, choice of music, decor)
6. Open for business and become the foremost coffeehouse in the area.
MARKET OPPORTUNITY
Marketing will play a vital role in the success of small company is java net because they will put some our advertising, I not want exert gate too much our company. it something sample for customer to understand. It only one or two location be. The design coffee shop is our target market is mostly student. Because it when come student they wanted to sit back and relax. Design coffee shop going to be locate one of San Bernardino.
Ownership
The Design coffee shop is a general partnership between Lisa and Sandy Mason. Each partner is equally involved in operation and management of the shop, each to her own abilities.
Location and Facilities
The Design coffee shop is located in the Old Town section of San Bernardino, California. We currently own the building we will occupy, though painting and renovation are sorely needed.
Products and Services
Description of Products and Services
The Design coffee shop will offer high quality coffee, tea, hot coca, and cappuccino, at a very reasonable price.
We will also sell homemade cookies, brownies, and doughnuts, also reasonably priced.
Key Features of the Products and Services
All drinks will be made with filtered water and the highest quality ingredients we can get.
Frozen drinks will have caramel or chocolate syrup drizzled in the glass and over the drink. Cappuccino and hot coca will have whipped cream toppings as well as the option for candy sprinkles. Cookies will have the option of a chocolate or caramel dip and sprinkles.
We will offer designer flavored cream and five kinds of sweetener, i.e. sugar, honey, Equal, Splenda, and Sweet-n-Low. Cream and sweetener is at no extra charge.
Production of Products and Services
We will use only filtered water and will brew our coffee in commercial coffeepots that will be thoroughly cleaned between uses.
We will bake cookies and brownies in our own on-site oven from proven recipes, daily.
Future Products and Services
Within the next three to five years we expect to branch out into catering and offer homemade pies, whole or by the slice.
Comparative Advantages in Production
Our low overhead and cheaper pricing will be the key to our success.
Industry Overview
Market Research
There are other businesses that serve only coffee in our Old Town.
Size of the Industry
Nationally, the coffee shop industry is quite large, but in somewhere, there are more. Key Industry
Trends
This industry is booming at the present time, there is a trend toward small cozy places and away from the large generic chain.
Industry Outlook
The coffee business does not show signs of slowing down. With new innovations such as flavorings and additives, it should continue for some time.
Marketing Strategy
Target Markets
Our target market is a artist and writers who need a nice quite cozy place to think and do their work.
Description of Key Competitors
Of the three coffee shops in the area, one is a large chain with a very expensive product, one is really a home-style restaurant, the last one, and our biggest competitor is an antique store with a “tea room”.
Analysis of Competitive Position
Our pricing strategy and comfortable atmosphere will be the key to our success. None of the other shops in the area can offer this.
Pricing Strategy
We will offer three sizes of drinks, small $1.00, medium $1.50 and large $2.00.
Our cookies and brownies will sell for $1.00 each.
Promotion Strategy
We intend to advertise in the local newspapers and offer a “frequent drinkers club” discount to our best customers. We will also send out ads via direct mail, which will include cents off coupons.
Management and Staffing
Organizational Structure
Our organizational structure will be a simple pyramid style with the owners putting in as much work as the employees.
Management Team
April and Arlene will share management and supervisory responsibilities equally. Arlene for the morning shift. April for the afternoon shift.
Staffing
We will hire two busboys and two waitresses; these will be recruited from the local high school.
Labor Market Issues
In this area there are many high school students looking for work, part time or full time, we want to fill that need.

Market Risks
The main risk is monetary. The area may not be ready for a place like ours and we may not do a great business.
Implementation Plan
Implementation Activities and Dates
1. Begin building renovation 12/08
2. Complete renovation 2/15/09
3. Begin preliminary advertising 2/15/09
4. Purchase and setup equipment 2/15/09
5. Open for business 5/1/09

Financial Plan
Balance Sheet
Current Assets:
Building $150,000
9 computer $10,800
Furnishings $5,000
Equipment $5,000
Cash
Arlene $5,000
April $4,500
Accounts Receivable
None
Inventory
Coffee $1,000
Tea $500
Other Assets
Cups $3,000
Total Current Assets
$182,800
Liabilities:
Accounts Payable (monthly)
Water $200
Phone $150
Electric $500
Donut Vendor $1,000
Warehouse Club $1,000
Coffee Distributor $1,000
Wages $5,000
Advertising $1,000
Taxes Payable
Property Taxes $500
Employee Taxes $2,000
Operating Loans Payable
Startup Loan $500
HP Design jet Z2100 Photo Printer series- models $ 97
Total Liabilities
$12,947 on going per month
Projected Income
March 05
Coffee $6,000
Tea $2,000
Cookies $1,500
Donuts $2,500
Misc. $4,000
Total Income for March
$16,000
Total Projected Net Profit (Cost/Benefit)
$3,150 for March
This would assume 20 pots of coffee sold a day, plus an assortment of other items. This also assumes the market will not increase or decrease due to weather or economics. This would be an average month.
my major is graphic
design i don’t know how making business plan] i have the layout
just email me evelynreyes12@yahoo.com
you want see it
this for my class project

Commercial Equipment Leasing, Commercial Mortgage, Business Equipment Loans, Investment Property Loan For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

Cruisin4abruisin asked:


I was just denied a $15,000 dollar small business loan from a local bank. I needed it to buy audio equipment to start a small DJ service business. It was denied because of lack of equity or collateral, and because I’m about $2000 in debt. (Note: I’ve been making monthly payments on all my debts.)

Would a personal loan be the better route? I don’t have a full-time job, I just DJ for a local sound company, and regularly at bars around town, puting me at about $350 a week income. (because I just lost my day job.)

The reason I want a loan to buy my own audio equipment, is because if I was using my own, I’d be making at least three times as much—putting me at about $900-$1000 a week, at least. It doesn’t even technically have to be made into a small business. I could just “work for myself.”

SO—If I explain my plans and reasoning behind the personal loan request, and explain how I’m making payments on my debts…..How likely is it that I will be approved? What else should I do?

Commercial Equipment Leasing, Commercial Mortgage, Business Equipment Loans, Investment Property Loan For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

Bobby R asked:


I’m a Canadian trying to buy an existing business in the states (GYM). The business cost $500,000 and has over $200,000 of equipment. I have $300,000 but I can’t get a loan from my bank for the differents because they don’t want me going to the States. Does anyone know what to do? I’m going to try the Bank of America but I doubt they will even talk to me because I’m not an American. Please anything will help “I can’t take another cold winter up here!!! Thank you

Commercial Equipment Leasing, Commercial Mortgage, Business Equipment Loans, Investment Property Loan For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

Michelle Kour asked:


I recently decided the time was right to utilize some surplus cash I had available and began looking to purchase an investment property. Whilst it would have been easy to just dive in and find something that I could afford regardless of the location or potential growth, I thought it best to do some research knowing that my investment property was more than likely going to be a long term property investment for me. Timing was also good from an income perspective –I good easily demonstrate my capacity to service the investment loan I would need to complete the purchase and negatively gear the property. The “cost” of my investment loan after tax benefits were taken into account was considerably reduced.

When I began to think carefully about purchasing my investment property, I took such things as what economists were predicting as far as growth and property value increases as well as expenses that I would incur, both now and ongoing. This was definitely a decision I had to make with my head and not my heart. I also considered what was happening in the investment loan scene particularly in relation to features of an investment loan that could be advantageous for me as well as the general interest rate environment.

On the property front, my first port of call was to view the recent BIS Shrapnel report noting that by mid-2011, the median Sydney house price will climb from $560,000 to $650,000 – A senior economist at the firm, Jason Anderson, said the price rise would be spread across the city, helping cut the gap between Sydney’s two-speed property market. This was quite encouraging and meant that I could now look at a vast array of locations for my investment property. Whilst deciding on a local property, I also looked at the opportunity to perhaps purchase an investment property interstate, which is definitely something prospective buyers should focus on.

As far as investment loan product was concerned I checked out a number of mortgages until I found one that included a capitalizing interest component. I wanted to make sure that in the event that I had surplus personal income I could apply as much as possible of this to my home loan repayment as opposed to subsidizing my investment loan repayments. A capitalizing feature in an investment loan also gives me some protection in case of unexpected maintenance costs on my investment or a prolonged vacancy.

The next important issue I had to consider when deciding on an investment property was the cost associated with the purchase. There were the up-front costs such as loan fees, legal fees and government charges as well as the ongoing costs such as maintenance costs, real estate agent’s fees (rent collection), loan repayments, government taxes, etc. From a discussion I then had with my accountant, I discovered that as this was to be an investment property, most of the costs associated with the purchase, both up-front and ongoing, were tax deductible, either in the year I incurred them or in some cases they had to be spread out or amortized over a 3 or 5 year term.

I also checked out the possibility of borrowing these costs within my investment loan. This is always a possibility but I discovered that if your investment loan exceeds 80% of the purchase price then the costs increase – basically it did not seem worthwhile to take my investment loan past 80%. I did realize however that if I included my home property as security for the investment loan (I had quite good equity in my home) then this meant that I could borrow 100% + costs on the purchase within the investment loan. This again meant that instead of applying my savings to the investment purchase (and taking a smaller investment loan) I applied this to the reduction of my non-deductible home loan debt and increased my investment loan debt. Increasing the investment loan like this was much more tax efficient for me.

Having done my own property research and having sourced an excellent investment loan I now felt at ease with my decision to go ahead and start to look in earnest for a property.

I am now the proud owner of an affordable investment property that I negatively gear for taxation purposes through my investment loan. With the help of a reputable non-bank home loan provider, I have structured my home and investment loans to maximize my tax benefits.

When thinking about purchasing an investment property and looking for an investment loan it would always be advisable to thoroughly research the current real estate market, source qualified information about where the market is heading both locally and interstate as sometimes this may be a more profitable option and finally, speak to qualified financial consultants as this could potentially save you thousands when claiming deductible expenses. And don’t forget to make sure your home and investment loan are structured properly so that you are minimizing your tax bill as much as possible.



Commercial Equipment Leasing, Commercial Mortgage, Business Equipment Loans, Investment Property Loan For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.