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  1. C

    I’d like to buy a business I helped build but can’t afford

    @firsthandsemiuniversalist Business acquisition. Asset purchase.
  2. C

    I’d like to buy a business I helped build but can’t afford

    @firsthandsemiuniversalist Only passing along what my banker has told me. I don't need or want 100% but it was offered as a potential option. He made it sound like it was something they've been doing recently. I do think it is dependent on a strong DSCR.
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    I’d like to buy a business I helped build but can’t afford

    @christopherc The answer is the same. Remember that banks are just interested in making money. If you can demonstrate that the business is making hand over fist, then every bank + the SBA will be more than happy to take a piece. My banker has even seen some SBA loans go through for 100%...
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    I’d like to buy a business I helped build but can’t afford

    @christopherc Impossible question. Without due diligence and actual numbers, anything anyone tells you on the internet is absolute bullshit. You need to approach the owner about purchasing the business. Ask for all the financials. Calculate cash flow. And then and only then will anyone be able...
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