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Buying a business with low down payment?

Are there any real, legitimate ways to get a loan to purchase an existing business with very little money down? >$20K down.
I have even considered trying a crowdfunding site, but not sure I trust them.
Is there anyone out there who has had the same issue, but had success in making it happen? Any advice from experienced folks would be greatly appreciated.

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Answers (3)
Mrs. Elizabeth White
Washington County, FL

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Aug 19, 2017
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Kindly acknowledge receipt of email.

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Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
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Aug 19, 2017
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The BAF Group LLC
MD

Richie, one of the most critical questions is not necessarily can you buy a business with that little down. But if you are that strapped for cash, how are you going to keep the business in operation? The vast majority of businesses – even those that are mature businesses and have ongoing cash flow – frequently experience fluctuations in Revenue and Profit, and need to be propped up with additional capital, from time to time. Many, many businesses fail after the first 18 months of having been started or purchased. And the vast majority of those fail because they are underfunded. Moreover, how much money can you realistically make, with the business that has very little or nothing down? Anything that is cheap, is usually cheap for a very good reason; and that very good reason is frequently the fact that it is not worth anything more, If anything at all.

My advice is to not push it. Wait, try to do whatever you can to accumulate a certain amount of wealth, and then go after a business that is truly worth your while.

Aug 6, 2015

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