The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

Is it possible to get a loan for over a million dollars in california for a first time busi buyer?(GasStation)

I can get around $100000.00 but the business are typically over a million dollars. Is it even possible to get a loan for that kind of amount.

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (1)
No User Photo
The BAF Group LLC
MD

Sure, it is possible. That kind of price tag means the sale includes the property - unless the Seller is nuts, and the price being asked is completely out of line! But is it a good opportunity? Why is he selling? What else is going on in the marketplace? It is not always about the profit and the price. We are dealing with a number of people in various areas of the Country that are selling out at a loss, because they bought Gas Stations at prices that were too high for the current market.

Jun 29, 2011

Start a Discussion