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huntersmome
I am looking for funding to purchase a local tavern. I can come up with 20,000 for a down payment , and would be looking at financing about 100,000. The deal is one that i just dont want to let go past. Not sure where to start looking.. My credit history is kinda rough. I do have some major loans on there that have been paid on time and in full, but smaller stuff that is something i am willing to explain to an open ear is what is killing my score. Any help would be greatly appreciated.

Thanks
Kelly
Commercial LO

With a rough credit history, 20% down will not be enough for financing, especially for a tavern/bar. Bars have a high failure rate and are threfore tougher to finance than other businesses and real estate. Your best bet is eller fiancing or finding a partner who can add some strength to the deal.
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