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i plannning to buy a gas station business only, no real estate involved. The asking price $350,000 . I have $150000 with me, so can anyone tell me how to get finance for this business. This business is less than two years old but has excellent cash flow at the moment, i would say per month $15000-25000. The monthly gas sell is 100000 gallons per month,monthly store sales is 120,000. The store remained open 18 hours per day and the rent is 12,000 per month.

How about a business loan. Just email me if interested and we will go from there.


Respectfully,
Willie

The only ways I know are either SBA loans or seller financing. The SBA allows loans for business acquisiton or startup without real estate. Generally the lenders look for 25% to 35% down payment. The loans are typically 7 or 10 years fully amortizing and the interest rate is variable and based on Prime. Most lenders look at some form of collateral to back up the loan so they might file a lien on your residential or other property.