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What are the options of financing businesses like this? As a 40 year old salary man, what might I reasonably expect a bank to give me, say if I put down 40k for
by ramblerman 3y ago
What are the options of financing businesses like this? As a 40 year old salary man, what might I reasonably expect a bank to give me, say if I put down 40k for a 150k business. And assuming I do it under an LLC.
Is that realistic? I know nothing about this world - but I'm assuming some financing exists. Would love to hear takes from people with experience, or any forums that cater to this area of buying SMEs.
I'm in Europe myself.
- gizmo 3y agoNot realistic unless you’re talking HELOC to fund the purchase, which I wouldn’t recommend.