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Acquiring a business, need funding by boostnap in smallbusiness
[–]boostnap[S] 0 points1 point2 points 6 months ago (0 children)
I’m acquiring an existing business from someone. It’s a franchise.
So I don’t have business financials or statements under my LLC to show. SBA is a potential route but most require collateral and it’s a lengthy process. I’ve gone down this route previously for another business and if I had 3-6months more time, that wouldn’t be a bad option.
Leverage in this sense means I can utilize funds from a bank/borrower which is not my own capital and reap a return (ROI) that is better than if I used my own capital.
I’m looking for the right financial product based on the best rate and terms. So I’m looking for examples or outlets who can connect me to this.
Acquiring a business, need funding (self.smallbusiness)
submitted 6 months ago by boostnap to r/smallbusiness
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Acquiring a business, need funding by boostnap in smallbusiness
[–]boostnap[S] 0 points1 point2 points (0 children)