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Posted: 8/9/2014 6:45:03 PM EDT
Long story short:

My job looks like its going to end soon. Parent company not doing well may go under. I'm too old to start at the bottom and work my way back up. I want to buy a turn key business and finish out my life doing that.

I found one and I'm finishing my due diligence, but the credit market is impossible! Financing this operation is turning out to be a nightmare. Banks want 30% down and I'm short $160K

IF I could get it approved here with the mods, would anyone be willing to help me with a crowd funding campaign?

FWIW the business is solid with good assets and cash flow.
Link Posted: 8/10/2014 9:10:52 AM EDT
[#1]
I must need to embed a beheading to get attention
Link Posted: 8/10/2014 9:21:28 AM EDT
[#2]
Did you look into SBA Loans?  Is seller financing a possibility?
Link Posted: 8/10/2014 9:24:43 AM EDT
[#3]
Good luck, dude, but I doubt you'll get staff approval for this one.

Unless you're opening a gun business and buy a dealer membership.
Link Posted: 8/10/2014 9:25:17 AM EDT
[#4]
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Quoted:
Did you look into SBA Loans?  Is seller financing a possibility?
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Link Posted: 8/10/2014 10:37:37 AM EDT
[#5]
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Quoted:
Did you look into SBA Loans?  Is seller financing a possibility?
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Looking at SBA currently but damn...The hoops are crazy. Traditional bank financing is much more likely.
Link Posted: 8/10/2014 10:39:04 AM EDT
[#6]
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Quoted:
Good luck, dude, but I doubt you'll get staff approval for this one.

Unless you're opening a gun business and buy a dealer membership.
View Quote


More testing the water to gauge if a crowd funding campaign is even worth putting together.

Basically the business is a motel/RV place that caters to fisherman and hunters................
Link Posted: 8/10/2014 11:02:39 AM EDT
[#7]
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Quoted:

View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Did you look into SBA Loans?  Is seller financing a possibility?


Went to answer door and you responded before I submitted.
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