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    1 Reply Latest reply on Jan 30, 2010 8:27 PM by phanio

    New business

    ashleynicole Newbie

      I'm looking to buy a package store, I have money for the down payment, but I need help to get a loan from the bank
        • Re: New business
          phanio Pioneer
          What are the banks telling you? Is it something you can fix? Have you asked about SBA loans?

          There are other ways - financing companies other than banks - that might be able to help you. We list many resources and information on our website.

          Plus, will the owner carry the note. You agree on price, give them some down payment - then amortize the remaining over 25 years with a balloon in 5 years. Then, when the balloon you should all the right stuff to get a bank loan.

          Just keep in mind that there are non-bank financing companies that can help you.

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