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    1 Reply Latest reply on Sep 30, 2009 9:16 AM by LUCKIEST

    Loan for Business!

    dilmuki Newbie
      I have been working for this restaurant for over 9 years now. The owner of the business is willing to sell now. I agreed to pay him $100000 for the business. He wants $50000 upfront and the rest will be monthly payment. Is it possible I can get a loan from the bank to pay him $50000 and put the business as collateral? Need advises on how to get financing!