this post was submitted on 16 Nov 2023
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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?

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[–] monkey6@alien.top 1 points 2 years ago

Have you spoken with a bank?

[–] CodaDev@alien.top 1 points 2 years ago

Check with SCORE

[–] HeistPlays@alien.top 1 points 2 years ago

Are you or your business financing the acquisition? Do you have a down payment?

[–] HornyWeeeTurd@alien.top 1 points 2 years ago

Have you considered learning more about business before buying?

[–] tech_overloaded@alien.top 1 points 2 years ago

Do you have 5x collateral that you can pledge??

[–] Apprehensive_Tear888@alien.top 1 points 2 years ago

SBA - I would actually recommend going to the seller and speak to their loan provider. They have experience with the business and would probably work with you to keep your business at their bank.

All in all depends on what industry you’re in but you can always raise and ask for a seller note

[–] Sigma_Pants@alien.top 1 points 2 years ago

Is your house worth 6--7M?

[–] AskFelix@alien.top 1 points 2 years ago

There are plenty of private lenders but their fees are higher than banks but they have a higher appetite for risk.