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hi is there anyway that i can get a loan with no down payment for a small businesse?

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Are you in need of loan?

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Jan 22, 2017
Michelle Orr
Wells Fargo SBA Lending
Business Development Officer
Fairfield County, CT

Scott,
I agree with the two other answers. If you were seeking a SBA loan to purchase a business, the usual down payment requirement is 20%, which can be a combination of your equity and seller financing; but under no circumstances can your down payment be 100% seller financing. A lender will expect you to have some "skin in the game" as well. Usually 10% equity with 10% seller financing is an acceptable structure.

Hope this helps.

Jun 17, 2009
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Small Business Underwriters
Founder

Hi Scott - The only chance of getting a loan with no down payment would be if you got a seller to finance the purchase, and then you borrow whatever down payment the seller is requiring. Banks today are looking for a significant down payment, typically in the 15% to 30% range, so if you are seeking bank or sba financing, you will most definately need to have a non-borrowed down payment.

Jun 16, 2009

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