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Looking for a liquor store in West.Sub, Illinois. Need info. on loans and down payment requirements.

My husband has liquor distribution and liquor store management background. I have retail and marketing background. Do the banks take this into favorable consideration when applying for a loan? For a store that is approx. $300,000.00 how much can we expect the bank to want as down payment?

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Answers (2)
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Let me know if you are still interested. I might have a store you'd be interested in.

Dec 10, 2009
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Are you still looking? Have you talked to the banks yet? There are a lot of variables. Typically they will want to see at least 20% down.

Dec 10, 2009