Radix Finances $480,000 for Convenience Store Acquisition

When a long-time convenience store manager decided to purchase a store for himself, he reached out to several different banks to help turn his dream into reality. He came away from those meetings discouraged. He only had enough money for a 10% down payment (most banks require at least 20%) and did not have any outside income to support him if his new business got off to a rocky start. Luckily, someone referred the manager to Radix, where we specialize in helping borrowers just like him.​

BORROWER’S ISSUES

• Low Personal Net Worth
  
• Mediocre Credit
  
• Only 10% Down
  

RADIX'S SOLUTION

Although the loan application had some obvious deficiencies, Radix prefers to focus on the positives of every potential client. The borrower had a successful history managing convenience stores and had demonstrated strong financial discipline by saving up for years to reach even the 10% down payment he could offer. In addition, because he was purchasing both a property and the business on top of it, the loan was collateralized. Despite the fact that so many local banks had refused to work with him, Radix was able to -- in the borrower’s own words -- make his “dreams come true.” ​