|
|
| *Loan,banking and credit>>>business credit |
Is it possible to buy a business... If my personal credit isn't good? |
I would like to buy a laundry mat or something along those lines.... Yes - as long as: 1. You avoid borrowing from banks, including SBA loans 2. You have funds saved up 3. You have family or friends who can help you 4. You can find other investors to join you in the business 5. You make a financing arrangement with the buyer 6. You don't waste your time looking for grants (there aren't any for laundry mat business, unless you're starting it in the poorest areas or in the Katrina affected areas) 7. You can use Other People's Money Suggested readings: Starting on a Shoestring : Building a Business Without a Bankroll http://www.amazon.com/exec/obidos/asin/0... No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money http://www.amazon.com/exec/obidos/asin/0... Rich Dad's Advisors: How to Attract Other People's Money for Your Investments--The Ultimate Leverage http://www.amazon.com/exec/obidos/asin/0... Source(s): http://www.powerhomebiz.com/financing/fi... Yes it is. You must look for the motivated seller. Someone who wants to sell there business. work aout a deal for them to hold a note. Also find people who will be willing to invest. they give you the money you need in return they get a part of the profit each month quarter, or yearly. I have started business with no money and no credit. |
| Tags |
| debt loan cash loans bad credit mortgage best credit card business credit chase credit citibank credit card credit application credit bureau credit check |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |