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How much could I borrow for start-up business with 50K - 100K down? I live near LA and have excellent credit.

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Answers (3)
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TG enterprises
owner
VA

Jeff,

how about not borrowing at all and using half of what you have to acquire and great B2B with almost no overhead, limited rick and a decent return.

zecretain@hotmail.com

Sep 14, 2010
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Biz2Credit LLC
New York County, NY

Jeff,

Biz2Credit (www.biz2credit.com) helps in business acquisition loans. With 50- 100 k down payment you can get around 400k plus in financing assuming 75 to 80% LTV. Register for free on www.biz2credit.com and get started

Sep 14, 2010
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Depends on the viability of the business plan, how strong you are on collateral, and if it is an industry that banks consider low risk( people have asked for loans for start up strip clubs on here before.)
Good credit is overrated from a newbies perspective. In 2006 my wifes 803 fico and my 820 fico meant NOTHING to lenders. They wanted to know how much money I had liquid and how much property I could put up.
You are going to get several responses from guys who make it sound easy to get a loan but it isn't.
It's possible but you need a strong business plan with a good location in place.
Oh, seller financing is a good option nowadays (although I would not do it for my biz unless I had at least 50-60% down.)

Sep 13, 2010