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I already own a bar/restaurant in my area, and have a pretty good customer base, but I have been renting the b

What differences are there in getting financing to buy a building I currently operate in and the startup process of just opening a buisness

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The BAF Group LLC
MD

If you are looking at buying the property you currently rent, and you have a business that is profitable, you are in an incredibly fortunate situation. Assuming that the property is a decent one, banks will probably fall all over you, wanting to lend you money for the acquisition. What they are ideally looking for are "owner/occupants", which is to say that your business occupies at least 51% of the real estate. If you qualify, you receive extremely low interest rates and down payment requirement is. It is much, much easier than attempting to get funding for a business startup.

Jul 23, 2015

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