[Red]

Are there any Direct Lenders that are okay with a new owner that is taking over an existing business that has been operating in the area for 20+ years, so long as they can provide proof of ownership and purchase & sale agreement for the business?

New owner's Corp was filed this month, however the new owner can provide all of the old bank statements, and tax returns.

Thank you

[rdgllc]

Are there any Direct Lenders that are okay with a new owner that is taking over an existing business that has been operating in the area for 20+ years, so long as they can provide proof of ownership and purchase & sale agreement for the business?

New owner's Corp was filed this month, however the new owner can provide all of the old bank statements, and tax returns.

Thank you

Just funded a deal similar to this with Rapid. They'll help you.

[Chambo]

wasn't there another post about this already?

[rdgllc]

wasn't there another post about this already?

Looks they posted two threads. Just saw the other.

[fundingsmbs]

reality is, a new owner means, anything can happen with that business. Doesn't mean past performance will yield future performance. new owners have taken over business and run it to the ground. you will find possibly a buyer to the deal but historically, under 1 year ownership hasn't done well with paying back.