ForumsFinancing Tips

Where do I start, Welcome

I would start by telling us more. Go to Members page and add some info about yourself, your background and
your husbands background.

Do you know of or have an Accountant?? Start by asking the accountant to look over prior P & L Statements.
Have you developed a Business and Marketing Plan?? It is one of the first items that an investor wants to see.
Finally there is SCORE. SCORE is FREE and can help.

Good luck, LUCKIEST

I would start by taking a good long look at whether or not I was ready to take over the business. Given that you state that your credit isnt so great and you are 10k in debt it would seem on the surface at least that you may not be the best at money management. Also you have ZERO operating capital even in the event that you by some miracle were able to secure 100% financing.

I dont want to seem like I am raining on your parade but based soley on the scenario you have outlined this is not a good idea at all. The only way I see this working is if you had a close family member or business associate come in and put up 25% of the business purchase price. Also I would advise having at least three months operating capital in the bank prior to taking down the business.

Good Luck.