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Funding to purchase an established business?
 
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    Funding to purchase an established business?
    I am looking to buy an established business that has been around for more than 6 years. I don't have the funds to purchase the business outright. I will need to find some way of purchasing the business. I was able to save up maybe 20% of the listing price. Is there any recommendations as to where I can go to seek some financing? Or a way to knowing which financial institution are easier to work with?

    Any help would be greatly appreciated.


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    Hello JSci,

    It's going to be tough to try & go the option of a traditional FDIC bank, or institutional lender because they will require the business owner to submit P&L's tax returns, balance sheets, etc. Will the owner hold paper for you? In other words be the bank and provide owner financing with terms? Or you could seek out a private partner or investor wiling to go in on the deal with you. If not, then you're looking at alternative lending which I provide, and would be happy to discuss this scenario with you. We've done these types of deals before, but each one is always different. It's not a one size fits all type deals. I hope that is helpful or at least a starting point for you.


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    To Your Success,

    Michael Nicholas

    Funding Specialist

    Office: 727-282-4959

    Email:michael.mpbfunding@gmail.com

    Web:http://www.mpbusinessfunding.com
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    I appreciated your working that you save up to 20% of the listing price. I have a suggestion for you, you should buy a franchise of that business which is under your budget. If you buy that business through loan then you are in big risk because you may be to fail to run that business. Run that business which is under your budget and I think this is better way to establish a successful business in the market.
    have a look business for sale.


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    Last edited by cbcbusinessbroker; 08-10-2016 at 01:42 AM.
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    hi
    if you have no fund to purchase an established business you must take loan or make some person who become a partner with you.


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    I own a commercial lending firm and could be of service when you're ready for a loan. I don't promise anything but excellent customer service and an honest approach to your needs. Regardless if you finance with me or not, I promise to be upfront and clear about your best options. www.evolvecapitalgroup.com


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    Different banks have different terms to disburse commercial loans. Your personal credit score should be under the limit set by banks. The lender banks analyse your status through your credit score and also the debt to credit score as well. You should also have some good assets like property or gold in lieu of getting the loan. You need to have industry experience too of the industry you are planning to invest in. Also, the business you are planning to invest in should be financially strong ( Lendingkart Group ).


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    I have a few friends that help individuals just like you. Message me and I will put you in contact with them.


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    Choose the right bank that offers you a loan at low interest rates.


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    I could really use a loan for my business Local SEO Boss, looking for the right steps to take. Wanna get out of my home an open a small corner shop


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