The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

buying a business

hi there im 19 years old and well i want to go to school but i refuse to take out a loan i feel there is no roi with a college degree but there is in buying an actual business im looking to buy something thats online like an amazon ebay or something but the problem is that i only make 10.50 per hours and well saving 30k+ for a business will take me long time so if i where to find a business that looks promising could i present the business to the bank and ask for the loan will they even listen to me since im only 19
the only reason i do not start my own is becouase i work 7 days a week 20 hours a day so there is really no time to do all the work but if i find something that has already been there a while i feel like i may be able to take a couple hours off work and work on that business and eventually quit working there to do this full time.
sorry im really new at this. to put this in small words basiccly i want to find a business and try to get a loan

btw i have no assets,litt

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, illegal activities, or to rant about personal issues. Please review the full guidelines if you have any questions.

Submit Your Answer
Answers (2)
Dr. Vasquez Reynolds
Easy Lons
Los Angeles County, CA

We have provided over $20 Billion in business loans to over 30,000 business owners just like you. We use our own designated risk technology to provide you with the right business loan so you can grow your business. Our services are fast and reliable, loans are approved within 24 hours of successful application. We offer loans from a minimum range of $10,000 to a maximum of $1 Billion.

Do you find yourself in a bit of trouble with unpaid bills and don’t know which way to go or where to turn? What about finding a reputable Debt Consolidation firm that can assist you in reducing monthly installment so that you will have affordable repayment options as well as room to breathe when it comes to the end of the month and bills need to get paid? Dr. Vasquez Reynolds Loan Home is the answer. Reduce your payments to ease the strain on your monthly expenses. Email (vasquezreynoldsloanhome@gmail.com)

DO YOU NEED 100% FINANCE? we give out loans with an affordable interest rate of 2%
VASQUEZ REYNOLDS LOAN HOME, (vasquezreynoldsloanhome@gmail.com) aims is to provide Excellent Professional Financial Services.

Our services include the following:

*Truck Loans
* Personal Loans
* Debt consolidation loans
* Car Loans
* Business Loans
* Education Loans
* Mortgage
*Refinancing Loans
* Home Loans

We give you loan with a low interest rate of 2% and loan duration of 1 to 30 years to pay back the loan (secure and unsecured). Do not keep your financial problems to yourself in order for you not to be debt master or financial stress up, which is why you must contact us quickly for a solution to your financial problems. It will be a great joy to us when you are financially stable. Email (vasquezreynoldsloanhome@gmail.com)

NOTE:Bear in mind that it will only take less than 24 Hours to process your file is 100% Guaranteed no matter your Credit Score.

Yours Sincerely,
Dr. Vasquez Reynolds
+1 (619)473-5227
We are certified and your privacy is 100% safe with us. Worry no more about your loans or finances.

Get your instant loan approval?

Sep 22, 2017
No User Photo
The BAF Group LLC
MD

Allan, if I understand this correctly, you have no advance education; at 19 you probably have little in the way of practical, management experience; you have no savings; you have no ability to work intensely at anything outside of your current job, which I take it you feel is limited, in terms of future potential... Is that correct?

With all due respect, your wishes do not meet with reality.

You are looking for a lender to give you money with no funds of your own, background and no proven ability. No bank is going to do that. It is that simple. In fact, the only way to get money for that kind of purpose is if your favorite Aunt either gives you a gift of money, or dies and leaves it to you in her will.

This is an attempt to be a bit humorous in my answer, because I do not really mean to be nasty; but business acquisition and funding is not like a sitcom, where you suddenly resolve all problems within a 30 minute time cycle. There is little in the way of a "quick fix" for identifying and funding a business. It is a matter of setting long term goals and short term strategies, in order to achieve the kinds of goals you want. Even people who appear to be "overnight" successes are most often the product of long years of learning and applying skills that suddenly seem to coalesce into something fruitful. I may be wrong, but you have not offered anything that would suggest you have the abilities to even manage a company, if you are lucky enough to find that rare set of circumstances you are seeking.

Your intentions are good; but your methods and hopes are unrealistic. I am not being critical, as much as I am trying to suggest to you that you really need to walk, before you run.

Feb 23, 2016