Need to find funding to purchase a perexisting business-Poor credit? Question:

Question:
The 2 best sources would be:
1 - the current owner of the business.
2 - SBA loans

In order to achieve an SBA loan, you really need an asset resembling a house to put up as collateral. The current owner of the business should be willing to nouns a portion of the sale price. If the owner is NOT of a mind to do that then there's something wrong beside the business and you shouldn't buy it anyway.



Answers:
You will find many resources for funding contained by the local yellow page. Make sure you call a broker (not a backer or a mortgage oficer).Call one, tell them you own very discouraging credit and need to buy a business. They will enlighten you who and what company provides high-risk business loans in your nouns.
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