“The inn acquisition process was one of the most overwhelming experiences Brian and I have gone through.
As prepared as we thought we were for the process, in hindsight, we had no idea what we were getting ourselves into. The deal was much more commercial than we anticipated as far as transactions are concerned. We initially applied for financing through three other banking institutions: a major national bank, a medium-sized national bank, and a local credit union. All three denied us a loan even though we had excellent credit, decent capital on hand, and substantial equity in our home. It seemed as though when we brought up financing a Bed & Breakfast in particular, the banks were very leery. After we got the third denial call, Brian started doing some searching on the web and that is when we found Rick’s website. After reading through Rick’s website, we called him. From the get-go, Rick was the fastest to respond to all of our inquiries and questions. He immediately began crunching numbers, asking questions, and seemed genuinely interested and invested in what we were saying. For weeks we just felt like people weren’t listening to us. With Rick, all that changed. We felt he really wanted to help. He walked us through the process and made it easy to understand. As we say all the time – if it wasn’t for Rick we would not have our Inn and, on a bigger level, we wouldn’t have our dream. Rick literally helped our dream come true. We are forever grateful.”
Nathaniel and Brian Foster
The Oval Door Bed and Breakfast Inn