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I am a 21 year old entrepreneur from Tulsa, OK and I am wanting to purchase a business but I dont have the collateral to put down for a loan. Does anyone have any advice for me about what I can do to get started? I'm currently looking at purchasing a liquor store for 150k. Any advice will help!

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Answers (2)
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What's the cost of the inventory? Maybe you could use that for a loan. Real estate is probably not included at the 150k asking price (and I assume the inventory isn't included also.) With no money down you would be hard pressed to get a loan.
Honestly, you should work and save up. Anybody who would offer you financing is either a scam or the terms would be so egregious that the deal wouldn't be worth taking.
The best way to get financed if you have no collateral is family and friends. If you don't have that you could try to find an investor but seriously why would a total stranger finance your dream?
The American dream is out there but it isn't free and it isn't easy.
Good luck.

Jul 14, 2010
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Biz2Credit LLC
New York County, NY


Does the liquor store have real estate. Also what is the worth of the liquor license. We at Biz2Credit ( can help you to get financing for the liquor store. Register for free and chose the case manager option. You can also call at 2126444555 ext 107 and I can help you with the process.

Jul 14, 2010