Post a new topic
    0 Replies Latest reply on Feb 7, 2009 9:22 AM by moonmosaic

    Buying an existing business as a foreigner - please help

    moonmosaic Newbie
      So, I want to buy an existing business where the owner is moving out of state and I think the business is undervalued potentially.
      The problem is I am a British Citizen with only 2 year credit history (I am a US resident with a green card) and banks are so hesitant to lend me. I have collateral in the UK but not in the US. I have about 3 UK credit cards but none here in the US. My credit score is over 700. I would only need about $20K. Should i get the loan from the UK? I just want to start establishing credit here besides the current currency exchange rate doesn't favour me right now.
      Any suggestions? Thank you.