Our business consists of a Yoga Studio, Spa & Massage School in Bozeman, MT. We have been in business for over 5 years and last year we were approved for a commercial loan to build out a space to home all 3 businesses. Unfortunately, the project has taken too long and we no longer qualify for a SBA Loan which only required 10% down and was a 25 year term. We are now seeking capitol to bring the full 25% down payment to the bank. Our Spa is solid, with over 8k clients and has been profitable in the past. We are facing a unique situation where the extra expenses from this project taking too long, has resulted in a negative P&L for 2022, therefore we are no longer eligible for the SBA 504. All of the money received from an investor will go directly into funding the rest of this project which will be back by solid real estate in a booming real estate market.
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