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07-24-2017, 06:40 PM #1
Reputation points: 27404
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
seeking 1m to purchase existing biz
Buyer Has 250k down needing 1.1m to close the deal.
bed store doing 3.4m on recorded annual audits owns the building.
Buyer has 755 fico and dosnt own a business and relays on the new businesses income and current asset holding to support repayments.
Can't collateralize something he dosnt own
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