Radix Finances $55,000 in Renovations For a Local Pizza Shop

When a local restaurant owner was turned down for the funds he needed to remodel his shop  by a couple of local banks, he had no idea where to turn next. Fortunately, one of those bankers had heard about Radix’s capability and suggested that the borrower give us call.

Borrower's Issues

• The borrowers could not offer any form of real estate collateralization.
• The borrower had a low credit score due to recent familial health troubles.
• The borrower needed the funds quickly.

Radix's Solution

Despite the borrower’s personal issues, the pizza shop’s financial statements were fantastic. With profitability more than high enough to debt service the financing costs, it was exactly the type of business that Radix thrives on financing. Within three days, the borrower had secured approval for a three year loan, with no prepayment penalty and was able to undertake the renovations his restaurant so desperately needed right away.

To learn more about the different financing options we offer, contact a Radix representative today