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Would like to acquire a cash to acquire $1M businesss. What qualification is needed? What much down do I need?

I am looking to purchase a business in the range of 700K-1M and would require a loan. I have about 200K cash and a good credit score of about 760. What kind of loan programs are there to purchase a business?

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Answers (3)
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Biz2Credit LLC
New York County, NY


Biz2Credit ( can help you in getting business acquistion loan. Normally with a good credit score you need to put down between 10% to 20% as downpayment while the rest can be financed through Biz2Credit. Register for free and get chose the case manager option to get started

Oct 3, 2010
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Corporate Financiers

J Bautista,

Loan approval is contingent upon several factors, including those of the business itself (historical financial results, type of business, collateral of business, etc) and the owners wherewithal and credit history.
As a prior Banker at Fortune 50 firms, including Merrill Lynch, I can assist with your loan request. I am an advisor first and intermediary second. No upfront costs. Todd 312 488 3505

Oct 3, 2010
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Hello, if you have a very good credit score along with some money of your own to invest, you should be able to get a loan with an excellent rate. Please contact me at, if you would like a loan application package sent to you.
Kind Regards
Michelle Goebel

Oct 2, 2010