Mar
20
2009
Business Loan on a purchase of an existing business?
Author: Wade Henderson
pololous asked:
I am looking for loans to finance an existing detailing (26year running) business. Whats for sale is the busienss, business name, equipment, and client el for $27,500. I have some personal credit card debit but my score is pretty good. I don’t own anything but a small masonry business currently and 2 vehicles. I would like/think using the established detailing business as collateral would be enough to get a loan?
I am looking for loans to finance an existing detailing (26year running) business. Whats for sale is the busienss, business name, equipment, and client el for $27,500. I have some personal credit card debit but my score is pretty good. I don’t own anything but a small masonry business currently and 2 vehicles. I would like/think using the established detailing business as collateral would be enough to get a loan?
Any ideas, thoughts, advice?
tom_gpp >>> Do you mean a score of 620 or better good?
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