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Does anyone know where I can find a good Down Payment Assistance Program for a business aquisition?

I have a 650 credit score and looking to purchase this very profitable business, I found on BizBuySell and approved for everything for the loan but the 15% Cash Injection. The seller is willing to take a second note but banks are not allowing it any more. I would need a little over $82,000 as the business cost $549,000. PLEASE ADVISE

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Answers (6)
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Hello

We are financial consultants to a group of European 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, Auto Loan, Car Loan, Mortgage Loan, Pay Debt, 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 5 or 10 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
jessepeterson28@gmail.com
http://westernglobalfnhome.com/

3 hours ago
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Are you having problems paying debt consolidation, bills or home
improvement? we offer loans of all kinds to individuals,firm and
co-operate bodies and companies world wild.we offer loan at 3%
interest rate with fast approval.get back to us if interested with the
email below: tonywater12@gmail.com

Mar 21, 2017
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Email: chun.kome12@hotmail.com
Hello,

Good day to you and thank you for your time to read this.

We are financial services and asset management company.

Search for sustainable finances or the financial freedom to expand your business and company and to grow? We may add your company or a client / friend devise a plan for success help, We offer private loan to individuals.

For all types of companies - from small businesses to large corporate companies, we will help you to make your business the right type of financing for your business needs to lower interest rates and fast approvals will act quickly to require help new opportunities and immediate to meet needs.

For more details, please contact directly with your business plans or project view. EMAIL( chun.kome12@hotmail.com )

Best regards.

Jul 15, 2016
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Valley Ventures Inc.
President
Hancock County, WV

Wow...this is a tough one. Your credit score will make it very difficult to get his done. You also state that the seller is willing to take back a second and the current lender will not accept. That's NOT althogether true. Try a different lender. Unless the seller has some credit issues that the bank is questioningt, you should be able to get another more accessible bank lender to go along with this. But, depending on where you live, you may qualify for a loan from a revolving loan fund. You can check your local SBDC (Small Bussiness Development Center) if there is one in your area. Hope this helps. If not...get back to me and I'll see if I can hook you up with someone in your area who CAN!
mikestrean@valleyventures.org

May 27, 2009
Michelle Orr
Wells Fargo SBA Lending
Business Development Officer
Fairfield County, CT

Justin,

Are you looking for 100% financing to purchase this business? I can tell you from experience of being a small business lender for over 10 years, no one is offering 100% financing. Lenders like to see that the borrower has some "skin in the game". If you don't have enough for a down payment it seems like you may want to consider bringing on a partner who does, or perhaps a family member can gift the funds to you?

May 27, 2009
Douglas Batts
Murphy Business & Financial Corporation
Collin County, TX
Premium Broker

Justin, I suggest you check with http://www.acciontexas.org. They have national programs and will do micro loans that use collateral like cars and other assets to make the down payment and financing easier for small business buyers. I hope this helps...

May 24, 2009

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