GRP Capital is pleased to announce that Vijal Suthar, a California-based Associate, originated an acquisition loan for a liquor store in Georgia. Keren Alpert provided closing services for the transaction.
GRP Capital secured a fully amortized, 25-year permanent loan for the borrower. The loan closed with additional working capital to float startup operations.
Associate Vijal Suthar noted, “Our client was organized and motivated to expand into Georgia. He was able to provide me with documents quickly, and we worked together to give the bank confidence that this business was capable of turning over steady, reliable income. Lenders are still willing to extend business loans post-COVID 19; however, the challenge is that lenders need reassurance. Because of GRP’s long relationship with this lender, we were confident that they would see the business the same way that we do.“
The GRP Capital team specializes in finding the right lender for each project. We save our clients time and provide options, as we research and apply with different funding sources. Our experience allows our clients to execute on funding within our proven lending network.
Closing this loan demonstrates GRP’s ability to secure funding for business owners in expansion even in these uncertain economic times. To be sure, business conditions are experiencing a “new normal”. However, business loans post-COVID 19 are possible under the right conditions.