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Could a brand new LLC get a business adcuisition loan, lets say around 600K?if not who long it will take?

I'ml looking to buy an existing biz.. probably a franchise, but lost my house in a foreclosure.

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Answers (2)
Tay Gainey
New Horizon Ventures
General Manager
Richmond County, GA

I can help you secure a business line of credit up to $350K with your new LLC in 30 days with no upfront fees. If interested please contact me at your earliest.



May 14, 2009
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The BAF Group LLC

Normally, a new LLC will need to have acquisition loans secured by the Member(s); however, since your credit is in difficulty because of your home foreclosure, you cannot depend on that. Your best bet is to find a Seller who will finance the sale, and/or borrow from friends and family. Private sources is probably going to be your only option. The current credit crisis is just that: A crisis! And because of the nature of the crisis, there is really no way to determine how long it will take for you to overcome your situation. Everything is in flux; rules for lending are being written and re-written almost every week, and it is not always for the best.

May 3, 2009

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