Radix Funds Online Seller for $500,000

In 2018, Radix helped a small retail store obtain a $100,000 SBA loan. Five years later, the store owner remembered his experience with Radix when a friend asked about SBA loans. His friend was looking for $500,000 to refinance four high-rate loans, which would enable him to hire two employees and purchase inventory. Three local banks had declined the request.

Anatomy of a loan:

• $1,500,000 Revenue in previous year
• $96,000 profit
• Current SBA 7a loan for $150,000
• 4 MCA loans for $230,000
• 730 credit score

Radix’s Solution

While traditional banks shy away from businesses with lots of high-rate debt, Radix understands that government loans are lifelines for small businesses who borrow expensive facilities to facilitate growth.
With Radix’s help this business owner was able to take his monthly payments from over 30,000 to under $7,000 per month, while also funding an extra $270,000 in working capital. Our client was ecstatic with the results and his business is now in a great position to thrive.

Learn more about our SBA Express loan.