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re: Advice on purchasing a business with a loan

Posted on 2/9/18 at 3:22 pm to yellowfin
Posted by Rossberg02
Member since Jun 2016
2591 posts
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Posted on 2/9/18 at 3:22 pm to yellowfin
Would a personal loan be a better option? The owner mentioned possible owner financing the place. What would be fair owner finance parameters?
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Posted by yellowfin
Coastal Bar
Member since May 2006
97740 posts
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Posted on 2/9/18 at 5:23 pm to Rossberg02
Owner financing would by far be the better option unless you had some personal asset to put up for collateral
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