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Funding to purchase an established business.

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Good morning guys,I am looking to buy an established business that has been around for more than 6 years. I don't have the funds to purchase the business outright. I will need to find some way of purchasing the business. I was able to save up maybe 20% of the listing price. Is there any recommendations as to where I can go to seek some financing? Or a way to knowing which financial institution are easier to work with?

Any help would be greatly appreciated.There are several different types of loans for small businesses. The most popular are Merchant Cash Advance and Working Capital Loans. Merchant Cash Advance Loans provide cash to business owners that is secured by their daily and monthly credit card processing. Working capital loans are secured by the daily or weekly deposits made by the business into their bank account.

If you have any questions or comments, please reply to this thread!!

 

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Guest Tuesday, 20 February 2018

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