I just received L-1 for setting up a branch office of my company in
California . I can invest upto 200k to buy an existing business , was just
wondering if I would qualify for a SBA loan or are there some other financing
options for me to buy businesses between 500k-1m. Which are the preferred
banks to approach and also what are normal prevalent interest rates. If i
have another foreigner as (major/minor )partner with SSIN etc and has been in
US for last 12 years on H1B will help me secure SBA approval.
kmurray | Community Moderator |
8/22/2012 - 10:26 am
Hi there,
Try getting in touch with a local Small Business Development Center, which is one of SBA's resource partners. They're located across the country andprovide free business counseling and answers. Visit SBA Direct to find your local SBA resource partners by entering your zip code. The experts there can help give you insight.
kmurray | Community Moderator | 8/22/2012 - 10:26 am
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