pearljams - 16 January 2010 03:07 AM
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As an alternative to starting a buisness, you may want to consider buying an existing business. SBA guranteed loans generally require 15-20% down payment (varies by lender, business, etc.). You can also ask for seller financing when making an offer. Many sellers with finance up to 50% of the selling price of the business.
It is sometime easier to obtain financing for an existing business with several years of financial records than it is to obtain start-up financing.
Tha advantage of buying an existing business is immediate positive cash flow (if you find the right business) and a built-in customer base.
A good business broker can help you locate a business that is within your means financially and help you evalute the business.
Good Luck!
Banned,,,, you troll. Next time you try and do SEO work to help with website traffic try and make some sense.
BBFG and Pickle, thanks for identifying this, for lack of a better word, idiot and calling him out.
Only two hours away from the Divisional Round!
