Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 10 months ago

MODERATORS

communick@indiehackers.space

Where can I go to find financing to buy a 6-7M business? Located in Bay Area (alien.top)

submitted 10 months ago by theMEtheWORLDcantSEE@alien.top to c/entrepreneur@indiehackers.space

59 comments fedilink hide all child comments

I would like to buy a large business that cash flows but I need a lot of money to buy it, where do I start? I could leverage my house?

you are viewing a single comment's thread
view the rest of the comments

[–] nobrokers@alien.top 1 points 10 months ago (1 children)

Others are quick to judge here so Ill refrain since I dont know anything about you. Another broker has covered the SBA part. Traditional financing is another although it will be hard to find a bank willing to do any commercial lending like this without going SBA route. An alternate method is finding a private or group of private investors. Surprisingly there are actually a lot of investors on Twitter actively looking for deals. They have formed their own little community and I know people who were successful securing funding this route. Look for tweets talking about ReTwit, LP, GP and you will find the community of people. Maybe you can find money there....its unconventional, but we live in an unconventional world, and buying a business really has no rules so anything goes.

[–] theMEtheWORLDcantSEE@alien.top 1 points 10 months ago

I like alternatives. I would definitely consider it. What rates are private lenders offering?