Alternative Funding Sources
Financing The Purchase
October 7, 2004

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.

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