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 11 months ago

Have you spoken with a bank?

[–] CodaDev@alien.top 1 points 11 months ago

Check with SCORE

[–] HeistPlays@alien.top 1 points 11 months ago

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

[–] HornyWeeeTurd@alien.top 1 points 11 months ago

Have you considered learning more about business before buying?

[–] tech_overloaded@alien.top 1 points 11 months ago

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

[–] Apprehensive_Tear888@alien.top 1 points 11 months 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 11 months ago

Is your house worth 6--7M?

[–] AskFelix@alien.top 1 points 11 months ago

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