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    <title>Home: Message List - Trying to get a loan for an established business</title>
    <link>http://smallbusinessonlinecommunity.bankofamerica.com/community/forum/loansandlinesofcredit?view=discussions</link>
    <description>Most recent forum messages</description>
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    <pubDate>Wed, 22 Oct 2008 20:36:33 GMT</pubDate>
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    <dc:date>2008-10-22T20:36:33Z</dc:date>
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      <title>Trying to get a loan for an established business</title>
      <link>http://smallbusinessonlinecommunity.bankofamerica.com/thread.jspa?messageID=44310&amp;amp;tstart=0#44310</link>
      <description>Alright, hopefully I can get some answers to the many quesions I have.  3 partnes and I would like to go in together and purchase a karaoke bar.  The owner has had the bar established for about 10 years now.  She's selling the business, equipment, liquor, and liquor license for $500,000.  1 partner is willing to buy 51% of the business and then between myself and the two other people, we would pick up the other 49%.  So I'm looking at somewhere around $80,000.  I'm very new to this, but very serious.  I'm 24 and in the Army.  I have no idea where to even start.  I know I need to look into getting a small business loan, but what exactly do I want to look for in that loan?  If anybody can help me out, I would appreciate it.  Thanks.&lt;br /&gt;
&lt;br /&gt;
~PJ</description>
      <pubDate>Wed, 22 Oct 2008 19:45:13 GMT</pubDate>
      <author>IK_PJ_IK</author>
      <guid>http://smallbusinessonlinecommunity.bankofamerica.com/thread.jspa?messageID=44310&amp;amp;tstart=0#44310</guid>
      <dc:date>2008-10-22T19:45:13Z</dc:date>
      <clearspace:dateToText>Oct 22, 2008 4:36 PM</clearspace:dateToText>
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