Need to find funding to purchase a perexisting business-Poor credit? 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.
More question :
- Being a Non-Profit? Hi, I enjoy started a children's magazine lower than a institution and
- Any apt resources for developing a business budget? Question: I'm managing a small bar, but I don't own
- Where do you find the info on starting my own business? I want to start my own homemade candy business and
- How do I run nearly finding a vigour insurance provider for my workforce? I recently start my own company and I am within the
- I want a chore? im a final year engg student ..i already got a post