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?

  • beley@alien.topBEnglish
    1·
    10 months ago

    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.

    • zeeblefritz@alien.topBEnglish
      1·
      10 months ago

      This is good to know. I am hoping to somehow find $10M to build a strip mall/condo building and have $200k. I guess I need to start hustling.