Closed Loan Details
Acquisition / Business Purpose Line of Credit for Golf Cart Rental & Sales Company in Rio Grande, NJ
Commonwealth Capital is pleased to announce that it recently closed a $450,000 line of credit for Wildwood Golf Cart Rentals & Sales LLC.
- Borrower operates a golf cart rental and sales business serving the Jersey Shore market
- Proceeds used to support business operations and facilitate the acquisition of additional real estate
- Secured by a first-position mortgage lien on commercial property located in Rio Grande, NJ
- Additional collateral includes UCC-1 financing statements on all business assets of Wildwood Golf Cart Rentals & Sales LLC and J&P Fence LLC
- Fully advanced at closing
- 1-year term
- Interest paid at closing with first payment due 1/15/26
Location: Rio Grande, NJ
Loan Size: $450,000
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“After evaluating my financial situation back in 2011 Commonwealth Capital provided the needed funding and cash flow to help my business operate. They listened to my concerns over the past 3 years and tailor made a plan to assist my company during this time of economic uncertainty, when other banks and lending institutions did not wish to get involved.”
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