What loan to purchase an existing business?
by gerarifa, Window Shopper
- Created: August 3, 2012, 7:11 pm
- Updated: November 5, 2013, 10:35 am
Hello, I noticed there are several SBA loans for different purposes. I would like to know what type of loan would apply to purchase an existing business? The business sells for $140,000 and offers shakes and smoothies. My wife would work full-time on the business while I maintain my engineering job. We currently do not own a business nor have business experience so this would be our first one. Our only issue is that we do not have plenty of money for a downpayment. Thank you.
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