Buying business in financial hardship
by eagertobeowner, Window Shopper
- Created: September 18, 2013, 11:04 am
- Updated: March 24, 2015, 8:56 am
An online business I know is about to file bankruptcy. There is a judgement for the companies UCC as well as other judgments for foreclosed properties. Can I use a small business loan to buy the company? Or just the inventory? Who should I contact first with my intent? I have never owned a business and think this would be a great opportunity. I am so lost and do not know where to start.
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