How much liquid capital do you have? You will need a minimum of 10% down plus operating capital to purchase a business with an SBA loan, and more if you tried to get a traditional loan.
Do you have $1 million in liquid assets (not equity in your home)?
If not, sorry to say it probably isn't possible to finance a business that size, even with good credit.
How much liquid capital do you have? You will need a minimum of 10% down plus operating capital to purchase a business with an SBA loan, and more if you tried to get a traditional loan.
Do you have $1 million in liquid assets (not equity in your home)?
If not, sorry to say it probably isn't possible to finance a business that size, even with good credit.