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Hometown Properties
I know that some of the toughest business purchases to finance are restaurants and gas stations. I'm looking for opinions on which are the easiest.

Of course we are assuming that credit, cash flow, other external factors are sufficient.

lattae
QUOTE(Hometown Properties @ Apr 8 2007, 03:52 PM) *

I know that some of the toughest business purchases to finance are restaurants and gas stations. I'm looking for opinions on which are the easiest.

Of course we are assuming that credit, cash flow, other external factors are sufficient.




GAS STATIONS!
Even though people are going to slow down going to them eventually (if the prices keep rising).
Pump, pay and go.
This service product is always in style and a must have!

Not Restaurants....some lenders look at you like you have the plague and require that you have equal collateral to cover their cost, if there is a loss!

IF anyone knows otherwise of a entity that will loan on restaurants......I have 3 trying to find a loan home smile.gif

LenderBuddy
QUOTE(lattae @ Apr 8 2007, 06:02 PM) *

IF anyone knows otherwise of a entity that will loan on restaurants......I have 3 trying to find a loan home smile.gif


There are lenders who finance restaurants. The LTVs can be a bit of a problem but they are do-able deals.
The Boss
QUOTE(Hometown Properties @ Apr 8 2007, 03:52 PM) *

I know that some of the toughest business purchases to finance are restaurants and gas stations. I'm looking for opinions on which are the easiest.

Of course we are assuming that credit, cash flow, other external factors are sufficient.

Either are financable if thy're good deals.
Hometown Properties
OK thanks guys, good to know.

When buying a business (lets say a gas station) does the lender care about the borrowers personal experience with that business? Lets say you are buying a gas station that already has a manager, employees and great cash flow history, does it matter who you are?

What is the max LTV for loans like this?

Thanks!
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