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i have excellent credit. can i use my business as collateral to get a loan to purchase another business.

i'm looking at businesses sba approved and or owner carrys. price ranges 200k and up
currently own an italian restaurant gross 400k max

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Answers (5)
Will Mowre
5 Linx
Executive Director
Cook County, IL

Ernest,

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Feb 4, 2013
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Blackburn & Fears Inc
Principal
FL

Ernest don't listen to the nonsense below - they aren't even reading your question.

Anyway the answer is yes, maybe. Collateral will be required. If the other business is related to the first business that will help also this can probably only happen with the same lender (if you already have one). You will need a down payment no matter what.

Please note that the sba doesn't approve anything - the bank does - the sba only provides a guarantee.

Jul 31, 2012
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Dear Business Owner- A Business sells for very few reasons...

1. A lack of Capital and or Financial difficulty

2. Retirement

3. Illness forces sale

I Sell Businesses....MONEY........In 3 to 8 days........Unsecured NO PERSONAL GUARANTEE

No Tax Returns Needed or financials.....

This is for real...My name is Michael Stewart.(480) 688 7220

Jul 31, 2012
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KBFG
Commercial Consultant

Michelle Peter’s kbfg commercial consultant we are here to help you grow your business we are looking to fund deals from office spaces, apartment complex, oil and gas projects, and many more. The great think about our company is we serve god first, we are not shopping your deals we are bless to be direct to the Funds Director. Call us today!
(732)-474-8851
info@myrealestateboutique.com

Jul 31, 2012
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ernest yu, please do contact me on mike_ojukwu@yahoo.com so we can discuss to further your proposals

Jul 30, 2012