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Question regarding financing a business....

Just wondering...are there any lenders that would base lending off of the cash flow of the business you want to purchase, and not so much off of buyer? For a person with great credit, but lives with parents therfore not having any big assets to use as collateral, be out of luck when it comes to getting a large loan?? Interested in a biz that has asking price less than 100k and seller willing to finance 50% , with tax returns to prove my income as well as the businesses past income. Am I still screwed when it comes to obtaining a loan with no personal assets to secure it??

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Answers (4)
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Carson Grant Loan Company
Affordable Loans
Los Angeles County, CA

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Feb 11, 2017
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Have you been looking for financing options for your business, new home purchase, construction, real estate loan, refinance, debt consolidation, personal or business purpose? Welcome to the future! Financing made easy with us. Contact us as we offer our financial service at a low and affordable interest rate of 3% for long and short loan term.Interested applicant should contact us for further loan acquisition procedures at vhernan712@gmail.com

Aug 19, 2016
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Email: chun.kome12@hotmail.com
Hello,

Good day to you and thank you for your time to read this.

We are financial services and asset management company.

Search for sustainable finances or the financial freedom to expand your business and company and to grow? We may add your company or a client / friend devise a plan for success help, We offer private loan to individuals.

For all types of companies - from small businesses to large corporate companies, we will help you to make your business the right type of financing for your business needs to lower interest rates and fast approvals will act quickly to require help new opportunities and immediate to meet needs.

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Best regards.

Jul 15, 2016
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The BAF Group LLC
MD

There is no way of telling for certain, until and unless you make an application. Some may consider you, some may not. I would start with the Seller's own Bank, because they know the Business best.

Lenders are highly different in their approaches; however, they invariably look at the Business Cash Flow, The Borrower's Creditworthiness, his/her assets for security (if the Business does not have sifficient assets, itself,) the Borrower's experience in being able to satisfactorily manage the Business - there's a lot that goes into it! A good Business Plan is vital, in order to let the Bank know you are aware of the positive and negative aspects of the Business, and your projected ability to pay the note and survive.

Some Banks will not deal with some industries, at all. Most - not all, but most Banks will no longer lend on Motels, for example. Gas Stations are another taboo, with some Banks. And all of these things combine, to one degree or another, in order for the Bank to make a decision.

Remember one cardinal rule: Banks are not in the business to take risk! That was true before, in business lending; but it is even tougher now.

Apr 4, 2010

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