The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

Can I buy a business with little money down?

I am ready to take the next step of purchasing a business in the Iowa area. I currently have credit in the 600's and have about 5,000 down for the business. I would like to purchase something for around 200,000, but am I able to get a loan for the rest with little down?

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (12)
No User Photo

We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Jun 6, 2017
No User Photo

DO YOU WANT A PERSONAL/BUSINESS/INVESTMENT LOAN?

We have provided over $1 Billion in business loans to over 15,000 business owners just like you. We use our own designated risk technology to provide you with the right business loan so you can grow your business. Our services are fast and reliable, loans are approved within 24 hours of successful application. We offer loans from a minimum range of $5,000 to a maximum of $500 million.

Do you find yourself in a bit of trouble with unpaid bills and don’t know which way to go or where to turn? What about finding a reputable Debt Consolidation firm that can assist you in reducing monthly installment so that you will have affordable repayment options as well as room to breathe when it comes to the end of the month and bills need to get paid? Dr. Ezra Sebastian Loan Home is the answer. Reduce your payments to ease the strain on your monthly expenses. Email (ezrasebastianloans@gmail.com)

DO YOU NEED 100% FINANCE? we give out loans with an affordable interest rate of 2%
EZRA SEBASTIAN LOAN HOME, (ezrasebastianloans@gmail.com) aims is to provide Excellent Professional Financial Services.

Our services include the following:

*Truck Loans
* Personal Loans
* Debt consolidation loans
* Car Loans
* Business Loans
* Education Loans
* Mortgage
*Refinancing Loans
* Home Loans

We give you loan with a low interest rate of 2% and loan duration of 1 to 30 years to pay back the loan (secure and unsecured). Do not keep your financial problems to yourself in order for you not to be debt master or financial stress up, which is why you must contact us quickly for a solution to your financial problems. It will be a great joy to us when you are financially stable. Email (ezrasebastianloans@gmail.com)

NOTE:Bear in mind that it will only take less than 24 Hours to process your file is 100% Guaranteed no matter your Credit Score.

Yours Sincerely,
Dr. Ezra Sebastian
+1 (850)846-6235
We are certified and your privacy is 100% safe with us. Worry no more about your loans or finances.

Get your instant loan approval

Jun 4, 2017
No User Photo

Hello!

Have you ever searched for funds, loans, financial assistance or need an accredited lender to help you meet up with your needs and demands? Do you want an Investment Loan for your business Or have your bank turned you down? Is your monthly income disappearing due to high interest rate on your Loans, Credit or Bonds? Then you have no alternative than to get an instant and reliable service. Contact us today for Legit/accredited Loans, Mortgages and Investment funds. For Quick application, Apply within; Full Name: Loan Amount needed: Loan Purpose: Loan Duration: Phone number: Address/Country:

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Jun 1, 2017
Jon Holmquist
Edgemaster Model 400 sharpener
President
Marion County, OR

Hello Jon, that's my name too. Reminds me of a song. Small down, makes life difficult but not impossible. Suggest that you take a look at our offering just to see if it fits. Got a brother in Iowa, would love to have an excust to come see him. Thanks Jon at Edgemaster Mobile Sharpening.

Mar 10, 2010
No User Photo
How to Buy a Business
WA

+1 to CB for a sound perspective. You need to educate yourself on what's possible. Over the past 20 years, I have seen some amazing deals happen that most people would have thought not possible. Never say never.

Mar 10, 2010
No User Photo

Mr. Dreckman, historically, when the effort of acquiring a business with little or no money down was a hot thing, it wasn't that the acquirer worked some magic and smoothed-talked a seller into unloading his or her business with no consideration from the purchaser. As a 16 year veteran in the Private Equity industry, I have seen acquisitions that were credit driven, meaning the strength of the buyers credit to facilitate a transaction, or even using just a few thousand dollars to acquire a multi-million dollar company, but those were generally turn-around scenarios. The way most acquisitions that were truly no-money-down, as you say, were just well structured transactions which included the sale of certain assets as a part of the transaction, or the pledging of certain future revenue streams to the seller once the acquisition was complete that would have provided a tax benefit to the seller. All-in-all, a no-money-down transaction is, and can be a reality, but its generally just a well structured transaction that causes the purchaser to complete other simultaneous transactions at the closing, i.e. the sale of an unwanted asset to a third party at closing with the proceeds to be tendered to the seller as your equity contribution. As the first answer suggest, anything is possible, it all will depend on your level of creativity in your structure.

Mar 9, 2010
Jon Holmquist
Edgemaster Model 400 sharpener
President
Marion County, OR

Your request is a tough one but if we could come to an agreement, we might make it work better than you ever thought. Check us out at our web site. Thanks, Jon at Edgemaster Mobile Sharpening

Mar 9, 2010
No User Photo

Hi Jon.

You can partner with my television studio, offering something every business will be buying from someone at some point soon -- HD videos for companies' websites. You'd be offering the highest quality videos in the United States, and saving your clients thousands of dollars. There's huge money to be made, and virtually no investment on your part -- only $2,995 total. Please check out www.MajorLeagueVideo.com.

Mar 9, 2010
No User Photo
The BAF Group LLC
MD

The number of employees is not the question. It is the amount of the payroll, the schedule of the payrolling, the nature of the inventory (if applicable), the cycles of collection, the cycles of revenue, when you will buy the business in relation to Rent, Utilities and other routine expenses, etc. You need to look at the current owner's P&Ls for the past year, the Check Register would help, and REALLY understand what it will be like to manage the business on a day-to-day, week-to-week and month-to-month basis, BEFORE you commit.

Mar 8, 2010
No User Photo
Dallas County, IA

Thank you very much for your insight! What do you think is a good amount to have in the bank before you buy a business with 7 employees?

Mar 8, 2010
No User Photo
The BAF Group LLC
MD

I agree with Peter; however, the big problem is that, with as little as you have in the way of capital, even if you are able to purchase the business, can you continue to run it with no money to maintain and grow it. People think that they can just use the Cash Flow from the business itself, and they don't need to have any money available to fund the daily operations. But in the vast majority of cases, that is just no so!

You need to have cash available for payroll, payroll taxes, purchase of inventory, rent, security deposits on things like leased space, phones, utilities...that $5,000 is not going to go far. Is there seasonality in this business? Are there other cycles to be concerned about?

I have said it over and over again: The vast majority of businesses fail because they are poorly capitalized. Some businesses are more succeptable to this issue than others. You need to BE DAMNED CAREFUL and understand the nature of the business you want to purchase.

Mar 8, 2010
No User Photo
How to Buy a Business
WA

That's going to be really tough. You need more cash in your war chest. But then the thing I have learned over the past 20 years is to never say "never." I continue to be amazed by the deals people do.

Mar 8, 2010

Start a Discussion