re: Advice on purchasing a business with a loan

Does not matter what you ask for? They will want you to have skin in the game, don’t expect to borrrow 100%, very likely they will only loan you 80-90% regardless of what you “ask” for they will want to see where the money is going,and yes figure in some money for operating expenses for a few months

Words from a biz banker friend of mine

“We believe in your dream, do you?”