Q: I want to buy a business and I wanted to know if you know any sources for funding? Like grants, lending, investors. I don't have collateral and my credit score is not established enough for a loan.
A: Unfortunately, buying a business is not like the infomercials you see with the "real estate for zero down" promise. Depending upon the industry you're looking at there may be some local government grants that can assist you. To this end, you may wish to visit with your local SBA or SCORE office, and also speak with some local banks to see if there are any programs in place that may offer assistance.
|Get more expert advice in Richard Parker's How To Buy A Good Business At A Great Price - the most widely
used reference resource and strategy guide for buying a business.
|Richard Parker is the author of: How To Buy A Good Business At A Great Price, the most widely used reference resource and strategy guide for buying a business. He has purchased ten businesses in his career and has helped thousands of prospective buyers worldwide learn how to buy the right business for sale. He is also founder and President of Diomo Corporation - The Business Buyer Resource Center.|