You had to maintain the loan for 2 years before you could pay it off or pay the sum of 24 payments.

So at that rate you are looking at $14,400 plus the $4k

Man I have boxed my whole life just about. Even in the Army. It’s a brutal sport. I’m definitely no trainer. I’m more of a strength coach now for young athletes and do a lot of mentoring keeping kips straight and out of trouble.

Something smells off; none of my guys are going to be interested.

I'm out.

Caveat emptor boys, and lady.

Tuck,

How are you going to come up with 10k in 60 days?

Gym revenue is over 9k a month. Also I get over $6k a month in other income.

Come on, you can at least put in a little bit of effort.

What do you mean exactly?

You expect the newly opened gym to make 9k in its first month? You get 6k a month but still need this 5k? Sounds like you're lying about these numbers to get a loan and then disappear. Shame on you for trying to scam the good people of 2+2.

Not trying to scam anyone. Here I will break some numbers down for you

Right now I train 14 people a month. Already set up on bank draft @$350 a month that’s $4900 a month.

I had my pre-opening membership sale last week and had 132 people sign up on contract at $39 a month bank draft that’s $5148 a month.

So roughly that’s $10k a month of revenue minus $1500 a month rent minus $400 utilities. So I’m sitting there at the low end of $8k in profit. I’m wanting to buy and actual boxing ring to increase revenue. A nice one is around $5k a used one is around $3500.

And I don’t mind the questions obviously but honestly the assumptions really aren’t necessary about me being a scammer. Look me up on Facebook

My name is Travis Tucker from Muscle Shoals Alabama. My company is Tsquared Fitness.

There's a feel good story wrapped around a few details that don't make sense. Which is an absolutely massive warning sign.

The VA disability, helping kids, etc. is the type of thing that pulls at people's emotions.

Not having any means of acquiring $4k, but being able to pay $10k in 2 months is just very hard to rationalize.

If your story is true, there are certainly people you know irl who would help you out for a % ownership and a kickback. Something like 10% of the gym and 350/mo until the 4k is paid back.

Have you said where you are located?

How were you able to get this far opening a gym without any buffer of money for last minute expenses?

Have you signed a lease, what are the terms, personal guarantee?

Edit: I wrote this as you were responding so you did answer some of it.

Tuck,

Why would you not just wait one month to buy the boxing ring?

Wish the dude the best but being somewhat familiar with the Muscle Shoals / Florence area, lol at a niche gym being a long term going concern.

This kind of inside-the-box thinking is not how empires are built.

Don't worry he'll self-exclude at Graton.

Definitely not trying to pull at anyone’s emotions. You know there’s always that presumption of guilt now a days. I’m not asking any of you to make a decision based off of me being a veteran. Or based off of my involvement with kids. That’s just my passion. I can prove every bit of what I’m saying. You all can verify it easily. That’s why I was trying to be completely open about who I am.

I’m regards to the business aspect of it:
I do have a lease agreement for 5 years.
Money set aside as a buffer: I’ve already exhausted that with other upgrades.
I could open without the ring. But I’ve had numerous groups of people requesting that I put one in there. And to answer you question El D. The layout has to go one way or the other. So if I’m going to put a ring in there then I have to do it now. Or if I do it later then it will have to be in a separate building.

Here is the thing. I appreciate everyone’s feedback. No matter what it is. If I need to take a lessor amount for the loan I will to prove my credit worthiness. and buy the used ring. I would gladly give a percentage of my business as collateral until the loan is satisfied

Man I don’t know how long it has been since you have been here. But this area has changed a lot over the last 5 years. Cross Fit gyns are popping up left and right. The closest place that is doing what I am doing is Huntsville. About an hour and half away. This has already been tried and tested. I did it in my shop at my house for the past 2 years. It’s gonna work. People are always going to pay someone else to tell them they are out of shape. Lol

I only recently found out what the Muscle Shoals lyric from Sweet Home Alabama meant.

Is this why you have trouble getting credit?

Lawsuit was with a company called Kilgore Hardware. Was settled 4 years ago. Report doesn’t show the details I’m sure

The plot thickens.

Break out the fake lawyers and hold stuffed animals court!

lolllllllllllllllllllllllllll

I know this comment is from four years ago, but if you're still around, I'd really like to get into contact with you. I need around $8k for a med procedure. The thing is, the doc needs it a month in advance, which will be in a little less than 3 weeks.

I work two jobs, waitress + receptionist, and can make a little more than that amount in 1 - 2.5 months. Don't pay rent or have any other bills to take care of so I can pay the amount back pretty fast. This is kind of an emergency so if anyone knows anyone or you (El Diablo) are still around and need more information, I'd be happy to give you some. Thanks.

Kitts,

I’ve hit a bit of a rough patch after my last twenty borrowers have all bailed on their payments, but I believe owster, Gregorio, and wiper are still doing lots of loaning.

Ever since El Diablo got stiffed by so many people I've had to be a lot more careful about who I loan money to. Kittsune, what can you offer in terms of collateral? If you have two jobs and can pay back within 1-2.5 months I recommend a payday loan place. You'll get a better rate from them than you can here.

If the "medical procedure" is for breast implants I would imagine she would be able to make more money in her waitress job and thus pay back the loan sooner, lessening the amount paid in interest