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How to get a business loan with great credit ?

I'm 18 years old and I have a 780 credit score.
I want to buy a business but I have no money or a job.
I was wondering if I can do something with my credit like sellers financing.
Can someone explain what I can do. Thanks

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Answers (1)
Robert Cutler
New York County, NY

Joe, the truth of the matter is that unless you have assets, it is virtually impossible to buy a business. You're not going to be able to find a seller willing to extend 100% financing, so that is not a realistic approach. If you really want to acquire your own business, you should first devote a significant amount of time learning the business and then develop a business model that you can market to friends and family to finance the purchase.

Jan 21, 2010