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50k unsecured loan with 70% cash down in a business

I am looking to buy a business and putting 70% cash of the purchase price. I am looking for 50K unsecured loan from any bank at normal interest rate. Please help me in identifying the banks/ lenders who can help without wasting/ damaging my credit score.

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Answers (3)
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Andy, you should know that generally, gas stations are difficult to get loans on. I have sources that do offer loans on this type of business, but, they might not be the interest rate you would prefer. Know that right up front. Good Luck. Michelle Goebel,

Jul 29, 2010
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Corporate Financiers

I'd need to know more about the business, owners, etc. 312-488-3505

Bio: fortune 100 banker (merrill lynch). Accounting background (U. MI and Northwestern).

Jul 29, 2010
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Hi other andy

It will be very hard for any one to lend money these days even with perfect credit and Good collateral.

Your best option is seller financed... i have a good business owner who will finance the whole operation.. are you interested?


Jul 29, 2010

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