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?
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?
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.
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.