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Thread: I need a loan to buy a business

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    Default I need a loan to buy a business

    Anyone have about $300,000.00 laying around I can borrow?
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    I got $5 on it. Collateral?
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    LOL! if I had collateral I'd have the loan from a bank.....

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    Coupla turn signal bulbs would work for collateral on a $5 loan, mang.

    $300k is gonna be hard to come by on a forum of Escort owners.

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    Default

    True, but that's nowhere near the amount I need....

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    Default

    What kind of business? To get a loan of that value you need to have a good business plan to say the least!

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    Hobby Shop, it's been in business for 40 years, and I currently work there. It's also the only one within 30 miles. Also, that price is the current inventory level.

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    Default

    Quote Originally Posted by david gettle View Post
    Anyone have about $300,000.00 laying around I can borrow?
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    Same business, the price is reduced due to lower inventory level. The current price reflects current store cost of current inventory, and an agreement I reached with the current owner to allow him to continue to work at the shop part-time as long as he wants.

    Have attempted and been turned down for SBA financing.
    Currently exploring other options with local governments, getting Gov't assistance with creating business plan. The deadline for this is 10/1/2013.

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    Post some Ho's on the corner. Ya' all will haz it in no time.
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    Quote Originally Posted by david gettle View Post
    Same business, the price is reduced due to lower inventory level. The current price reflects current store cost of current inventory, and an agreement I reached with the current owner to allow him to continue to work at the shop part-time as long as he wants.

    Have attempted and been turned down for SBA financing.
    Currently exploring other options with local governments, getting Gov't assistance with creating business plan. The deadline for this is 10/1/2013.

    i can't help financially...and i'm a full time student part time slave, so i can't help there.....but honestly, if there's any way to help, let me know.
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