give me a place, website, phone no, etc. I live in San Diego (mira mesa) so try to see what I want,.
2006-10-30 11:32:15 · 5 answers · asked by ? 3 in Business & Finance ➔ Other - Business & Finance
Ok first things first... do you have a business plan? If you do, then proceed on reading. If not, then go write one up first. No agency or investors will even give you the time of day without a business plan.
Now, $30 k is a relatively small figure and no venture capitalist or private equity firm will spend it's resources on structuring that deal. Your best bet is to go trough the SBA... SBA.gov They specialize in loans of this size (look into micro loans).
However, if you want to buy a business like a professional this is the way you do it....
Get to know the seller... ask why is he selling this business? Most sellers just want out or want to retire already. If this is the case, make them this offer $6k down (the only money that will come out of your pocket!). Then structure to be paid out within the next five years... but here is the fun part... this money will be paid out of the profits of your new business. You want him to stick around and help you get started... offer him an incentive bonus based on the performance of the company!
Well hope this works for you
2006-10-30 12:31:12 · answer #1 · answered by Eric 4 · 0⤊ 0⤋
Ask the seller if he will finance it on a note with a one year balloon. Then you get the business and will have to refinance the note in one year. Then you don't need to come up with $30,000.
2006-10-30 12:12:03 · answer #2 · answered by EAA Duro 3 · 0⤊ 0⤋
Find the SBA (Small Business Administration) in your area. They will be able to help with business planning as well as securing financing.
2006-10-30 12:00:53 · answer #3 · answered by 'Tater 2 · 0⤊ 0⤋
Do you own a home, you can borrow against your equity if you do.. or if you have good credit and enough collateral a bank or some investor just might take a chance on you
2006-10-30 11:49:17 · answer #4 · answered by Nate 2 · 0⤊ 0⤋
do no longer provide them a cent. From what you're saying, your mom and father have a record of growing to be undesirable judgements. while you're clever sufficient to get into an Ivy-league college, then you quite might desire to recognize that they do no longer seem to be all of sudden going to initiate making large judgements in case you quit this money. they are going to waste it and you will by no potential, ever see it returned. enable's be clean. in case you provide them money, it is going to likely be a latest, no longer a private loan, through fact you will by no potential see it returned. it quite is a discern's job to strengthen a little one and pay for his/her desires. you do no longer owe for being raised. it quite is absurd which you're in contact in arguments the place issues like college journeys and birthday promises are being stated. I repeat: it replaced into your mom and father' job to pay for those products. in case you had a stable relationship inclusive of your mom and father and that that they had definitely fallen on demanding cases, i might inform you to help them out. yet they have been very unsightly, they have made decision after decision that has led them to the place they're in the present day. base line: this money is yours. in case you provide it to them, it is going to likely be wasted. and that they are being undesirable to you. there is no reason to furnish it to them. in the event that they finally end up homeless, help them with housing and straightforward desires like food. do no longer quit money. and don't sense it quite is beneficial justify your self, different than to assert, "sorry Dad. you have not got a precise to this money and if I provide it to you, it is going to likely be wasted. end of communicate." Then go away the room or postpone the telephone.
2016-12-28 08:31:23 · answer #5 · answered by schwager 3 · 0⤊ 0⤋