Funding 485 Underhill Blvd., Suite 100
Syosset, NY 11791
Phone: 516.739.0346 * Fax: 516.739.0347
Rapt Specializes in commercial loans that others consider hard to close.
Funding Uses


In general, lenders do prefer not to lend a lot of money for working capital. Instead funds can be provided for inventory, to pay accounts payable or to repay debt. SBA guidelines allow the lender to consider the total project (including renovations, moving & closing costs) in evaluating the loan application. Consider the following illustration:

Use of Funds Total Funds Barrower Loan Request
Land & Building Acquisition $900,00 $90,000 $810,000
Equipment $25,000   $25,000
Inventory $25,000   $25,000
Renovations $100,000 $15,000 $85,000
Working Capital $50,000   $50,000
Closing/Soft Costs $50,000 $50,000  
Total Project $1,150,000   $995,000
Owner Investment   $155,000  


Presuming that adequate repayment is available, in this case the entrepreneur would receive financing to purchase the land & building + equipment + Inventory + closing costs, using personal funds for renovations and working capital.