Hello everyone,

I am trying to buy an owner absentee business in IL that makes a profit of over 75k annually and the purchase price is under 250k. I have been told that I could go with a cash advance based on the future credit card sales, but I would rather not go that route since the advance term is extremely short (less than 6 months.) Am I better off just waiting until I can improve my credit score (under 600)? Or should I find an investor, angel investor, or SBA loan. I am trying to see if there are any other options available to me.

John

Hello John do you have any money going into this? What is your credit score? Give a little information about the business. You can send information to bm@chrisblanks.com

Chris,

I would rather not put any money into this (of course) but I put as much as 30k down. As to my credit score I haven't checked it recently but I know it is under 600. To be specific the business is a well known franchise restaurant in IL

Hello John what is your contact information You can mail it to me at bm@chrisblanks.com put your name in the subject.

John, We do SBA loans all day long for people like you. Email me and we can go over the best way to do this. Mortgageman2525@BIGFOOT.COM