South End Capital Gets it Done Funding Business Purchase Loans for a FedEx Ground Route and a Sports Apparel Co.
August 7, 2018
FedEx ground routes are historically difficult business purchases to finance. Since there is no significant collateral other than the delivery trucks and the income from the route itself, banks and most SBA lenders stay away. We were able to finance this business purchase at a rate of 7.75%, amortized over 10 years and with no prepayment penalty.